LONDON (May 21)—Avon Rubber P.L.C. is putting its two New York operations up for sale as part of a restructuring plan to focus its automotive division on core products, Avon CEO Steve Willcox told analysts at a May 16 meeting. Avon's Lockport and Albion, N.Y., plants employ 178 and 105, respectively, producing parts such as interior trim, steering column components, air control valves, door system parts and radiator gaskets. The company has made provisions for $5 million to meet the cost of these disposals. Avon also is set to divest Pacer Tool & Plastics Inc. of New Jersey, which makes injection molded parts, mainly for the cosmetics industry. The firm currently is reorganizing the management of its North American automotive division as part of its plans to streamline the business.
Avon Rubber to sell two N.Y. operations
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