Wiltshire-based Avon Rubber has signed an agreement to acquire US company Team Wendy, a leading supplier of helmets and helmet liner and retention systems for military and first responder markets, for $130m.

The company said:

 “The board believes that the acquisition will be an important step in the strategic development of Avon Rubber as a leading provider of life critical personal protection systems to military and first responder markets,”

“The enlarged group will have better scale and an enhanced route to market, with Team Wendy’s complementary customer base and well-established global footprint expected to provide significant business development opportunities over the medium-term.”