RAID-X

Acquisition of Team Wendy by Avon Rubber PLC Now Closed

$130 million transaction creates global leader in head protection systems for the military and first responder markets

CLEVELAND, OH (Nov. 3, 2020) – Further to the announcement made on Sept. 9, 2020, the acquisition of Team Wendy, LLC (“Team Wendy”) by Avon Rubber p.l.c. (“Avon”) (LON: AVON) is now closed.

Team Wendy, a leading U.S. supplier of exceptional head protection systems for military, law enforcement, search and rescue, and adventure markets, now operates as a subsidiary of Avon Protection from the Company’s current headquarters in Cleveland, Ohio. Team Wendy continues to be led by its President Jose Rizo-Patron and its six department directors, who all remain in their positions.

Together, Avon Protection and Team Wendy are a global leader in head protection systems for the military and first responder markets, following Avon Protection’s acquisition of 3M’s ballistic protection business and the Ceradyne brand earlier this year.

“Today we start an exciting new chapter for Team Wendy that will usher in new opportunities for our employees, our customers and our business partners,” said Jose Rizo-Patron, president of Team Wendy. “We remain focused on our vision to save lives by providing the best for anyone wearing a helmet.”

“The acquisition of Team Wendy is another important strategic step in the transformation of Avon Rubber into a leading provider of life critical personal protection systems,” said Paul McDonald, chief executive officer of Avon. “Bringing Team Wendy into the same family with our existing Helmets & Armor business establishes Avon Protection as a global leader in military and first responder helmets, with an enhanced and broader product portfolio with stronger capabilities and routes to market.”

One Response to “Acquisition of Team Wendy by Avon Rubber PLC Now Closed”

  1. Ruudo says:

    Isn’t Ceradyne the company that sold all those faulty, delaminating plates to SOCOM in the 2000s?