Avon Rubber has announced the bolt-on acquisition of one of its suppliers, Hudstar Systems, a US designer of electronic control systems used in Avon’s Deltair product. Hudstar has minimal revenues to other customers, but is expected to provide cost savings. Management expects the acquisition to be modestly earnings enhancing in FY16, however we do not anticipate changing our forecasts at this stage given the very small numbers involved. We remain positive on prospects for both of Avon Rubber’s b ....
22 Jun 2015
Bolt-on acquisition
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Bolt-on acquisition
Avon Protection PLC (AVON:LON) | 1,209 0 0.0% | Mkt Cap: 365.8m
- Published:
22 Jun 2015 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has announced the bolt-on acquisition of one of its suppliers, Hudstar Systems, a US designer of electronic control systems used in Avon’s Deltair product. Hudstar has minimal revenues to other customers, but is expected to provide cost savings. Management expects the acquisition to be modestly earnings enhancing in FY16, however we do not anticipate changing our forecasts at this stage given the very small numbers involved. We remain positive on prospects for both of Avon Rubber’s b ....