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Mergers and Acquisitions

  • 8/26/15 8:16 am CDT

    Company Updates 2015 Earnings Guidance to Include Recently Closed Acquisitions

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of the assets and liabilities associated with Polypore’s Separations Media business from Polypore International Inc. for a purchase price of $1.0 billion. Polypore’s Separations Media business is a leading provider of membranes and modules for blood treatments, ultrafiltration and gas transfer in the life science, electronic, industrial, and specialty segments. 3M is a leader inmore...
  • 8/3/15 11:57 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of Capital Safety from KKR for a total enterprise value of $2.5 billion, including the assumption of approximately $0.7 billion of debt, net of cash acquired. Capital Safety is a leading global provider of fall protection equipment, one of the fastest-growing safety categories within the global personal protective equipment industry. 3M’s Personal Safety business providesmore...
  • 6/23/15 8:00 am CDT

    Acquisition Expands 3M’s Presence in Fast-Growing Personal Protective Equipment Industry

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into a definitive agreement to acquire Capital Safety from KKR for a total enterprise value of $2.5 billion, including the assumption of approximately $0.7 billion of debt, net of cash acquired. Capital Safety is a leading global provider of fall protection equipment, one of the fastest-growing safety categories within the global personal protective equipment industry. The personal protectivemore...
  • 3/13/15 11:50 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of Ivera Medical Corp., a manufacturer of health care products that disinfect and protect devices used for access into a patient’s bloodstream. The business is now a wholly owned subsidiary of 3M and a part of its Critical & Chronic Care Solutions Division. 3M’s vascular access products play an important role in helping to reduce complications for patients with I.V. cathetersmore...
  • 2/23/15 1:40 pm CST

    Acquisition Complements 3M’s Core Filtration Technologies Platform

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into a definitive agreement with Polypore International Inc. to acquire the assets and liabilities associated with Polypore’s Separations Media business for a total purchase price of $1.0 billion. Polypore’s Separations Media business is a leading provider of microporous membranes and modules for filtration in the life sciences, industrial and specialty segments with trailing 12-month sales of $210 millionmore...
  • 2/19/15 9:00 am CST

    Acquisition Expands 3M’s Vascular Access Offerings

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into a definitive agreement to acquire Ivera Medical Corp., a manufacturer of health care products that disinfect and protect devices used for access into a patient’s bloodstream. Terms of the transaction were not disclosed. The addition of Ivera will enhance 3M’s vascular access product offerings at a time when health care facilities are looking for cost-effective solutions that improve patientmore...
  • 1/2/15 11:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed the sale of its global Static Control business to Desco Industries Inc. Terms of the transaction were not disclosed. 3M's Static Control business, which has annual global sales of about $45 million, is a provider of products and solutions that help prevent, detect, and protect against electrostatic discharge. 3M made the decision to exit the Static Control business as a result ofmore...
  • 12/15/14 7:30 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has signed an agreement with Desco Industries, Inc. (Desco) for Desco to purchase the assets of 3M’s global Static Control business. 3M's Static Control business is a provider of products and solutions that help prevent, detect, and protect against Electrostatic Discharge (ESD) events. The transaction is expected to close during the first quarter of 2015 after the successful completion of Desco’s financing and ismore...
  • 8/31/14 7:26 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it has completed its acquisition, through Sumitomo 3M Ltd., of Sumitomo Electric Industries Ltd.’s 25 percent interest in Sumitomo 3M Ltd. for 90 billion Japanese Yen (approximately $865 million at current exchange rates). 3M is now the sole owner and the business will be known as 3M Japan Ltd. Sumitomo 3M Ltd. was established in 1961 as a joint venture between 3M, Sumitomo Electric Industries Ltd. and NEC Corp.more...
  • 8/26/14 9:19 am CDT

    3M’s devices and dressings aid in patient safety, facilitate cost efficiencies

    ST. PAUL, Minn. (August 26, 2014) – 3M Critical & Chronic Care Solutions today announces that it has reached a group purchasing agreement with health care alliance company Premier, Inc. for multiple catheter securement and stability products. In a move aimed at bringing greater economic efficiencies to Premier’s more than 100,000 health care provider members, the new agreement allows them to take advantage of special pricing and terms pre-negotiated by Premier. The purchasing contractmore...