History
Into the New Millennium (1997-2001)
1997: A strategy was developed to establish the business internationally through
product development, capital investment and acquisitions. This strategy has also
included selling Avon companies that were not considered core to the business.
Therefore, Avon announced the sale of its entire tire interest to Cooper Tire & Rubber
Company in Findlay, Ohio for £60 Million.
1998: Avon Technical products acquired Hi-Life Rubber LLC based in Wisconsin for
£22 Million. This move, combined with existing dairy business in the UK, positioned
Avon as the leading manufacturer of rubber daily lines in the world.
2001: Announced the sale of its Automotive Rubber & Plastics businesses. It also
sold Nylaflow, the reinforced plastic hose business and the golf grips business - all in
an effort to focus on its core products.
2002: The Avon logo was modified, removing the line from beneath it to create a
more modern streamlined feel and to help remove old associations with products no
longer manufactured by the company.
2002: Avon Automotive Europe opened its new headquarters in Hanover, Germany
2003: French subsidiary, Avon Spencer Mouldion SA was sold for €4.7
2004: European and North American divisions were merged into a single, global
division
2004: Avon Protection was formed in recognition of Avon's world leading expertise in
the manufacture of military respirators and led to the purchase of International Safety
Instruments, Inc, a major manufacturer of respirators and accessories for the
emergency services industry.
|