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
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
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
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...