LONDON (Alliance News) - Rubber-based products maker Avon Rubber PLC on Tuesday said trading in its two divisions met its expectations in the year to the end of September and said its finance director is leaving the company.
Avon said its Protection & Defence arm was in line for the year, boosted by winning a contract with an unnamed US police department in September for its CBRN/CO escape hood masks.
In its Dairy business, milk prices have continued to rise, providing a boost to the company's outlook for the current financial year.
The company also said Andrew Lewis will step down as finance director after eight years in the role. He will remain with the company to prepare its annual statements before departing on November 30.
Paul Rayner has been appointed interim finance director, effective from December 1. He joins having recently been interim finance chief at Liberty Living Ltd, a student accommodation provider.
Shares in Avon were up 0.9% to 1,008.75 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Avon Protection (AVON)