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Mergers and Acquisitions

  • 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...
  • 7/16/14 1:00 am CDT

    Business to be known as 3M Japan

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today announced that it will acquire, through Sumitomo 3M, Sumitomo Electric Industries Ltd.’s 25 percent interest in Sumitomo 3M Ltd. for 90 billion Japanese Yen (approximately $885 million at current exchange rates). Upon completion of the cash transaction, 3M will own 100 percent of Sumitomo 3M Ltd. The transaction is expected to close Sept. 1, 2014. “This investment allows us to gain full control of one of 3M’s most successfulmore...
  • 5/7/14 11:44 am CDT

    Companies to bring together best-in-class solutions for natural gas transportation fuel systems

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M and Rush Enterprises today announce an agreement to pursue the design, manufacture and installation of a portfolio of compressed natural gas (CNG) tanks and fuel systems for use in Class 6-8 vehicles in North America. The Agreement allows for 3M to supply tanks with proprietary technology, and for Rush Enterprises to provide enhanced fuel systems, distribution and service support. “We believe the lack of a holistic approach to fuelmore...
  • 4/1/14 10:36 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Treo Solutions is now a wholly owned subsidiary of 3M and a part of 3M Health Information Systems. Treo, which delivers analytics on data from more than 60 health plans, is an industry leader in using data analytics to redesign payment structures andmore...
  • 2/21/14 8:00 am CST

    Acquisition Expands Healthcare Analytics Product Line

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to acquire Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Terms of the transaction were not disclosed. Treo, which delivers analytics on data from more than 60 health plans, is an industry leader in using data analytics to redesign payment structures and transition payer and provider clients to value-based caremore...