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Red Diamond Capital, MC Capital to Acquire US-based Avon Automotive.


Tokyo, Japan, Aug 14, 2006 - (JCN JCN Japan Corporate News
JCN Journal of Cognitive Neuroscience
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JCN joint communications network (US DoD) 
) - Diamond Capital, an affiliate of Mitsubishi International Capital, MC Capital, Inc., an investment arm of Mitsubishi Corporations's New Business Initiative Group Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 Division, announced August 14 they have acquired Cadillac, Michigan Cadillac is a city in the U.S. state of Michigan and is the county seat of Wexford County. The zipcode location of Cadillac Michigan is 49601. As of the 2000 census, the city population was 10,000. The city is situated at the junction of US 131, M-55 and M-115.  based Avon 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 Noun 1. coolant system - a cooling system that uses a fluid to transfer heat from one place to another
cooling, cooling system - a mechanism for keeping something cool; "the cooling was overhead fans"
 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 Avon Rubber plc is a world-leading manufacturer of high technology rubber-based products, principally components for a number of manufacturing sectors. Its largest divisions, namely Avon Technical Products, Avon Protection Systems and Milk-Rite produce equipment and components for , who said they divested the automotive business to focus on growing respiratory protection and defense businesses.

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Publication:JCNN News Summaries
Geographic Code:1USA
Date:Aug 14, 2006
Words:135
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