Red Diamond Capital, MC Capital to Acquire US-based Avon Automotive.Tokyo, Japan, Aug 14, 2006 - (JCN) - Diamond Capital, an affiliate of Mitsubishi International Capital, MC Capital, Inc., an investment arm of Mitsubishi Corporations's New Business Initiative Group Financial Services Division, announced August 14 they have acquired Cadillac, Michigan based Avon (language) Avon - A dataflow language. ["AVON: A Dataflow Language", A. Deb, ICS 87, Second Intl Conf on Supercomputing, v.3, pp.9-19, ISI 1987]. Automotive in a deal worth approximately $120 million. Avon Automotive, a global supplier of low-pressure rubber and plastic hoses for air induction, fuel and coolant systems and vibration management products, reports annual revenues of approximately $350 million. The company operates 12 manufacturing facilities in the US, Mexico, the UK, Spain, Portugal,France, Czech Rerpublic, Turkey and India. The Mitsubishi Group acquires Avon Automotive from former British parent Avon Rubber, who said they divested the automotive business to focus on growing respiratory protection and defense businesses. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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