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History Present Day (2001-Present) 2006: Avon Rubber p.l.c. sells its automotive division (approximately 75% of the business by sales turnover) in a management led buyout to Avon Automotive Holdings, Inc, which is established and controlled by an independent private equity company, Red Diamond Capital Partners, LP, and a management team by Leland Richards. Avon Automotive continues to be a significant supplier to the world's engine markets.
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