Korean supplier Dongah Tire & Rubber Corp. has acquired Avon Automotives vibration management systems division. Terms were not disclosed.
The 300-employee division makes such anti-vibration products as engine and suspension mounts and mass dampers at its plants in South Korea and China. Its total revenue in 2008 was about $60 million, from automotive and defense customers in Europe and North America, Dongah said.
Acquiring the Avon business at the end of 2008 expanded Dongahs anti-vibration line into Europe, CEO Kim Sang-hun said in a statement.
Avon CEO Lee Richards said in a statement he hoped the sale would allow Avon to focus on making its low-pressure hoses for air-induction, fuel and cooling systems.
Dongah, of Yusan, South Korea, says it has more than 3,000 employees and sales of more than $500 million.
Avon, of Cadillac, Mich., says it has more than 2,700 employees and annual revenues of $240 million. Avons vibration management systems division was centered in Chippenham, England.