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Press Releases

 

Mergers and Acquisitions

  • 5/1/07 8:08 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed its acquisition of E Wood Holdings PLC, a North Yorkshire, U.K.-based manufacturer of high-performance protective coatings for oil, gas, water, rail and automotive industries. This acquisition provides 3M enhanced access to key markets, including the rehabilitation of existing oil and gas pipelines, and the protection and rehabilitation of water pipelines and infrastructure. “E Wood’s expertise inmore...
  • 4/24/07 7:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into a definitive agreement to acquire the business of Innovative Paper Technologies LLC, a manufacturer of inorganic-based technical papers, boards and laminates for a wide variety of high temperature applications; and Powell LLC, a supplier of non-woven polyester mats for the electrical industry. Terms of the transactions were not disclosed. Innovative Paper Technologies LLC (IPT) and Powellmore...
  • 3/22/07 2:13 pm CDT

    Liquid Technologies Complement Powder Coatings for Pipelines in Oil, Gas and Water Markets

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M and E Wood Holdings PLC announced today an offer to acquire the entire issued and to be issued share capital of E Wood Holdings PLC, a North Yorkshire, UK-based manufacturer of high performance protective coatings for oil, gas, water, rail and automotive industries. The board of E Wood has recommended the offer to E Wood shareholders. The offer values E Wood shares at approximately £40.17 million, or $78 million. 3M has offered 323more...
  • 2/23/07 10:00 am CST

    Acquisition Continues Expansion of Home Care Business in Eastern Europe

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Poland announced today that it has entered into a conditional agreement with Interchemall Sp. z o.o. to acquire its production operations related to household cleaning products. 3M purchased the sales and marketing operations, including the brands and intellectual property, from Interchemall Dom last year. The transaction is expected to close in April subject to closing conditions. “This acquisition builds on 3M’s activitiesmore...
  • 2/14/07 8:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Acolyte Biomedica Ltd., a Salisbury, U.K.-based provider of an automated microbial detection platform that aids in the rapid detection, diagnosis, and treatment of infectious diseases. Early detection of dangerous microbes is becoming more important as multiple resistant bacteria strains become more prevalent. Acolyte Biomedica helps hospitals control high-risk infections through improvedmore...
  • 2/9/07 7:45 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Sealed Air Corp.’s 50 percent interest in PolyMask Corp., a joint venture between 3M and Sealed Air that produces protective films. The acquisition of Sealed Air’s interest results in 100 percent ownership by 3M. “PolyMask films are the cornerstone for the 3M protective film products platform,” said Charlie McKenna, business director, 3M Industrial Adhesives and Tapesmore...
  • 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...