Skip to Primary Navigation Skip to Site Navigation Skip to Main Content

Search Press Releases

Press Releases

 

Mergers and Acquisitions

  • 2/1/07 1:00 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired the Rite-Lok global industrial adhesives product line from Chemence Inc., a specialty chemical company that manufactures a range of consumer and industrial adhesives. Terms of the transaction were not disclosed. Complementary acquisitions such as this support 3M’s growth strategy to expand its core adhesives business. “The addition of Chemence’s industrial adhesives, sold under the Rite-Lok brand,more...
  • 2/1/07 8:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Accuspray Application Technologies Inc., a manufacturer of spray paint equipment with a wide array of spray guns for architectural, automotive refinishing, industrial and woodworking applications. Terms of the transaction were not disclosed. Accuspray brings turbine systems and pressurized cup guns to 3M’s core paint preparation systems business, which includes disposable lids and liners, allowing 3Mmore...
  • 12/29/06 12:09 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today it has completed its transaction with Graceway Pharmaceuticals LLC for the sale of 3M’s pharmaceuticals operations in the United States, Canada, and Latin America. Under the agreement, Graceway Pharmaceuticals will acquire exclusive regional marketing and intellectual property rights for 3M’s well-known branded pharmaceuticals, including Aldara, Tambocor, Maxair Autohaler, MetroGel-Vaginal and Minitran.more...
  • 12/15/06 10:15 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed the merger of its Health Information Systems division with SoftMed Systems Inc., a provider of health information management software and services that improve workflow and efficiency for health care organizations. This merger expands 3M Health Information Systems’ business from its core of advanced reimbursement, compliance, and quality management software tools and services provided to more than 5,more...
  • 12/4/06 11:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today it has completed its transaction with Ironbridge Capital and Archer Capital to sell 3M’s pharmaceutical operations in the Asia Pacific region, including Australia and South Africa, for $349 million. The new dedicated pharmaceuticals company will be headquartered in Sydney, Australia under the leadership of Tony Martin, formerly general manager of 3M Pharmaceuticals’ Asia Pacific operations. The acquisitionmore...
  • 11/28/06 2:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed its acquisition of Biotrace International PLC, a Bridgend, UK-based manufacturer and supplier of industrial microbiology products used in food processing safety, health care, industrial hygiene and defense applications. This acquisition allows 3M to provide food processors with a broader range of products that complement the widely used 3M Petrifilm Plate product line. “Biotrace Internationalmore...
  • 11/19/06 11:04 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire SoftMed Systems Inc., a provider of health information management software and services that improve the workflow and efficiency for health care organizations. Terms of the transaction were not disclosed. As health care providers face increasing pressure to control costs while enhancing the quality of care, they require more efficient information management.more...
  • 11/9/06 1:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today that it has entered into agreements to sell its global branded pharmaceuticals business for approximately $2.1 billion in the following regions: Graceway Pharmaceuticals Inc. has agreed to acquire 3M’s pharmaceutical operations in the United States, Canada, and Latin America region for $875 million. Meda AB has agreed to acquire 3M’s pharmaceutical business in Europe formore...
  • 11/1/06 2:54 pm CST
    EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--HighJump Software, a 3M company, has completed its acquisition of Global Beverage Group Inc. (GBG), a provider of delivery management solutions for the direct-store-delivery of consumer packaged goods. HighJump Software helps customers streamline supply chain operations from the original source of materials through final delivery to the end customer. Focusing on the last mile of delivery, GBG software helps route drivers improvemore...
  • 10/16/06 8:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M today acquired Brontes Technologies Inc., a Lexington, Mass.-based developer of proprietary 3-D intraoral imaging technology for $95 million in cash. The acquisition adds to 3M’s oral care business proprietary intraoral scanning technology that enables capturing 3-D digital dental impressions used to design and produce crowns, bridges and orthodontic appliances. Digital dentistry represents an important growth opportunity formore...