Avon Protection Acquires Team Wendy for $130 Million

September 9, 2020

Avon Protection, a subsidiary of Avon Rubber p.l.c., will acquire Team Wendy, a Cleveland-based maker of helmet systems for military, law enforcement and first responders, for $130 million in cash. The deal (subject to shareholder and regulatory approval) will leave Team Wendy operating as an Avon subsidiary from its Cleveland headquarters with its CEO and department directors remaining in place.

Buyers
Avon Protection, Avon Rubber p.l.c.
Targets
Team Wendy
Sellers
Dan T. Moore and the Moore family
Location
Ohio, United States
Transaction Type
Buyout

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