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Mergers and Acquisitions

  • 6/6/07 8:00 am CDT

    Acquisition Broadens Superabrasives Platform

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Diamond Productions Inc., a manufacturer of superabrasive diamond and CBN (cubic boron nitride) wheels and tools for dimensioning and finishing hard-to-grind materials in metalworking, woodworking and stone fabrication markets. Terms of the transaction were not disclosed. Diamond Productions Inc. (DPI) brings industrial metalworking strengths as well as new applications for stone processing to 3M’smore...
  • 5/17/07 1:00 pm CDT

    - New Company to be Formed for Opticom Priority Control Systems and Canoga Traffic Detection Businesses -

    ST. PAUL, Minn. & TORONTO--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to sell its Opticom Priority Control Systems and Canoga Traffic Detection businesses, which are part of the Traffic Safety Systems Division, to TorQuest Partners Inc., a Toronto-based private investment firm. TorQuest will create a new company that will be headquartered in the Twin Cities under the leadership of Rick Sachse, formerly manager of these 3M businesses. Themore...
  • 5/15/07 1:58 pm CDT

    Acquisition Broadens Infection Prevention Platform in Latin America

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired substantially all of the assets of Articulos de Papel DMS Chile, a Santiago, Chile-based manufacturer of disposable surgical packs, drapes, gowns and kits. Terms of the transaction were not disclosed. This acquisition builds on 3M’s core medical business and expands its full-line of disposable drapes for infection prevention in Latin America. Disposable packs, drapes, gowns and kits enable amore...
  • 5/1/07 3:00 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed its acquisition of 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. The acquisition allows 3M to enter into the adjacent market of flexible insulation materials, which are used for electricalmore...
  • 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...