Avon Rubber Completes Buy of 3M Ballistic Protection Unit

Jeff Brody

U.K.-based military technology provider Avon Rubber has completed its acquisition of 3M's (NYSE: MMM) ballistic protection business in an approximately $116M cash deal.

Maplewood, Minn.-based 3M said Thursday the transaction includes an initial payment of $91M and a contingent consideration worth potentially $25M.

Avon Rubber obtained rights to the Ceradyne brand as part of the agreement that was initially announced in August.

The acquired business manufactures body armor, ballistic helmets, flat armor and helmet attachments for law enforcement and government use.

3M expects nearly 280 employees who supported the unit will join Avon Rubber.

Avon Rubber offers radiological, biological, chemical and nuclear respiratory protection equipment to firefighting, law enforcement and military customers.

You may also be interested in...

Defense Digital Acquisition and Modernization Forum

Expert Panel to Discuss DoD Strategies at GovConWire’s Defense Digital Acquisition and Modernization Forum

GovConWire’s Defense Digital Acquisition and Modernization Forum on Dec. 1 will feature an expert panel, composed of federal and industry leaders across the government contracting sector. The panel will address the DoD’s Software Acquisition Strategy, Defense Acquisition Workforce Development and the future of data and information technology modernization across agencies. To register for the Defense Digital Acquisition and Modernization Forum, as well as view upcoming opportunities, visit GovConWire’s Event Page.

The White House

Jake Sullivan Appointed National Security Adviser Under Biden Administration

Jake Sullivan, formerly deputy assistant to the president under the Barack Obama administration, has received appointment as national security adviser to President-elect Joe Biden. Sullivan is among the six key members of the incoming administration's foreign policy and national security team unveiled Monday.