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Mergers and Acquisitions

  • 10/1/12 6:30 am CDT

    Acquisition Broadens 3M’s Ceramic Platform

    ST. PAUL, Minn. & COSTA MESA, Calif.--(BUSINESS WIRE)--3M (NYSE:MMM) and Ceradyne, Inc. (NASDAQ:CRDN) announced today that they have entered into a definitive agreement for 3M’s acquisition of Ceradyne, Inc. for $35.00 per share. The proposed transaction has an aggregate value of approximately $860 million, or approximately $670 million net of cash, cash equivalents, short-term investments and debt acquired. The agreement provides for a subsidiary of 3M to commence a tender offer tomore...
  • 9/4/12 11:00 pm CDT
    ST. PAUL, Minn. & PASADENA, Calif.--(BUSINESS WIRE)--3M (NYSE:MMM) and Avery Dennison Corp. (NYSE:AVY) issued the following statement in response to a news release from the U.S. Department of Justice (DOJ) regarding 3M’s proposed acquisition of Avery Dennison’s Office and Consumer Products business: “3M and Avery Dennison have not terminated the purchase agreement governing the transaction. In light of concerns about the transaction raised by the DOJ, the companies have voluntarilymore...
  • 9/4/12 11:40 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corp., for a purchase price of $110 million in cash, subject to post-closing adjustments. FSTech focuses on electronic toll collection and parking management hardware and software services. Electronic tolling and parking are key adjacencies to 3M’s business for motor vehicle systems and services.more...
  • 6/21/12 7:03 am CDT

    Acquisition Expands 3M’s Traffic Solutions into Adjacent Electronic Tolling Industry

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to acquire the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corp., for a purchase price of $110 million in cash, subject to post-closing adjustments. FSTech focuses on electronic toll collection and parking management hardware and software services. The fast-growing $3 billion electronic tolling industry is projected to grow at a rate greater than 12more...
  • 4/10/12 8:00 am CDT

    -Acquisition of NLP Technology will Advance 3M Documentation and Coding Solutions-

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has acquired CodeRyte Inc., an industry leader in clinical natural language processing (NLP) technology and computer-assisted coding solutions for healthcare outpatient providers. Terms of the transaction were not disclosed. CodeRyte helps physicians and coders deliver fast, accurate and complete coding information immediately through its advanced NLP technology. Its products include CodeAssist, CodeCompletemore...
  • 1/3/12 7:03 am CST

    - Acquisition Extends 3M’s Footprint in Office, Education and Consumer Categories; Broadens Array of Leading Brands -

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into a definitive agreement to acquire the Office and Consumer Products business (“OCP”) of Avery Dennison Corp. for a total purchase price of $550 million in cash, subject to post-closing adjustments. The Office and Consumer Products business of Avery Dennison is one of the world’s leading suppliers of office and education products, including labels, binders,more...
  • 10/3/11 8:00 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of the do-it-yourself and professional business of GPI Group. GPI is a manufacturer and marketer of home improvement products such as tapes, hooks, insulation and floor protection products and accessories, headquartered in France. Terms of the transaction were not disclosed. GPI offers a wide array of products and solutions sold under such well-knownmore...
  • 7/1/11 3:24 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of Advanced Chemistry & Technology Inc. (AC TECH), a manufacturer of quick cure, light-weight polysulfide sealants for aerospace applications based in Garden Grove, Calif. Terms of the transaction were not disclosed. The addition of AC TECH’s range of fast-curing polysulfide sealants expands 3M’s product presence in the aerospace market for the manufacture and maintenance ofmore...
  • 6/8/11 6:40 am CDT

    Acquisition of Aerospace Sealants Expands 3M’s Portfolio of Solutions for the Aerospace Industry

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has entered into an agreement to acquire Advanced Chemistry & Technology Inc. (AC TECH), a manufacturer of quick cure, light-weight polysulfide sealants for aerospace applications. Terms of the transaction were not disclosed. The launch of new aircraft platforms is expected to contribute to strong growth and demand for aerospace sealants over the next several years. Aircraft sealants are used to preventmore...
  • 4/20/11 1:00 pm CDT

    Acquisition Strengthens 3M’s Personal Graphics Platform

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Original Wraps Inc., a Golden, Colo.-based company specializing in the creative business development, technology and design of personalization platforms for vehicles and vehicle accessories. Terms of the transaction were not disclosed. This acquisition complements 3M’s Commercial Graphics business and strengthens 3M’s personal graphics platform. The trend and desire for graphics to personalizemore...