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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.
2009: A refinancing and recapitalization is completed.
Crystal Capital of Boston, MA becomes
the majority equity holder by contributing new equity and acquiring the shares held by Red Diamond Capital and MC Capital Inc.
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A Rich History
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