Avon Group agrees rescue deal for stricken Interflex

Stricken Nottinghamshire automotive component manufacturer, Interflex, has been sold to Avon Group, an £80m turnover manufacturing and engineering group, based in Bristol.

The deal will see Avon Group take on the trade, assets and staff of the £8m turnover business.

Interflex manufactures seals and acoustic protection products for the automotive industry and had been struggling to recover from the impacts of the pandemic and the subsequent volatility of the automotive sector.

The company, which went into administration on 28 February, has been rescued by Avon Group which already operates a similar, larger business based in the West Midlands and shares some of its customers.

“Our business has huge synergies with Interflex,” said Steve Thomas, Avon Group’s sales director.

He added: “The management team and staff at Interflex will bring additional engineering skills and capability to our Group that will propel our automotive business forward at an even faster pace. We are already making significant inroads with clever products for electric vehicles and are eyeing-up the opportunities presented by the new battery plant being built in Somerset.

“This acquisition is not only good news for Interflex but good news for our group as a whole, as we continue to expand.”

Interflex will continue to operate from its 34,000 sq ft premises at Langar, near Nottingham. Avon says “most” of the company’s staff will be retained under the new ownership.