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3M Completes Sale of Advanced Ballistic-Protection Business

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3M announced that it has completed the sale of the company’s advanced-ballistic protection business to Avon Rubber p.l.c. for $91 million, before closing and other adjustments.

A further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders.

Avon Rubber is a provider of advanced chemical, biological, radiological and nuclear respiratory protection systems for military, law enforcement and fire customers.

The business, formerly part of 3M’s Advanced Materials Division, consists of ballistic helmets, body armor, flat armor, and related helmet-attachment products serving government and law enforcement.

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