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Press Releases

 

Mergers and Acquisitions

  • 9/30/10 11:12 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has signed a definitive agreement to acquire Ross Reels, a Colorado-based manufacturer of fly fishing equipment and accessories. Terms of the transaction were not disclosed. Ross Reels is recognized as one of the top fly reel manufacturers in the United States. Its full line of products includes high quality fly rods, complete fly fishing outfits, reel outfits, rod cases, fishing pliers and other outdoormore...
  • 9/10/10 5:16 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has commenced its tender offer for all outstanding shares of common stock of Cogent Inc. (NASDAQ:COGT) at a price of $10.50 per share. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of August 29, 2010, by and among 3M Company, Ventura Acquisition Corporation and Cogent Inc., which 3M and Cogentmore...
  • 9/9/10 7:30 am CDT

    Acquisition Expands Infection Prevention Product Portfolio

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire Arizant Inc. for a purchase price of $810 million in cash. Based in Eden Prairie, Minn., Arizant is a leading manufacturer of patient warming solutions designed to prevent hypothermia in surgical settings. “Patient warming is a highly strategic adjacency for our business and integral to infection prevention,” said Debra Rectenwald, president and general manager, 3Mmore...
  • 8/31/10 6:30 am CDT

    - Acquisition Broadens 3M’s Portfolio of Track and Trace Solutions -

    ST. PAUL, Minn. & TEL AVIV, Israel--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire Attenti Holdings S.A. from an investor group led by Francisco Partners, for a purchase price of $230 million in cash. Based in Tel Aviv, Israel, Attenti is a leading supplier of remote people monitoring technologies used for a variety of offender monitoring applications, such as people awaiting trial or on probation; and to assist eldercare facilities in monitoring andmore...
  • 8/30/10 6:30 am CDT

    Acquisition Broadens Biometric Security Solutions

    ST. PAUL, Minn. & PASADENA, Calif.--(BUSINESS WIRE)--3M (NYSE:MMM), and Cogent Inc. (NASDAQ:COGT) announced today that they have entered into a definitive agreement for 3M’s acquisition of Cogent Inc. for $10.50 per share. The proposed transaction has an aggregate value of approximately $943 million, or approximately $430 million net of cash acquired. Cogent Inc., commonly referred to as Cogent Systems, provides finger, palm, face and iris biometric systems for governments, law enforcementmore...
  • 7/6/10 8:00 am CDT

    - Acquisition Broadens 3M’s Portfolio of Body Protection Solutions -

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired Dailys Ltd., a supplier of non-woven disposable protective clothing, primarily chemical protective coveralls for industrial use. Terms of the transaction were not disclosed. “This acquisition supports our strategic direction by broadening our protective apparel portfolio,” said Julie Bushman, vice president and general manager, 3M Occupational Health and Environmental Safety Division. “Adding productsmore...
  • 6/11/10 9:40 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed its acquisition of PolyFab Inc., a manufacturer of thermal and acoustic insulation for the aerospace industry. MTI PolyFab designs and manufactures a light-weight thermal and acoustic insulation system for a wide variety of aerospace customers to address unwanted airborne and structure-borne noise in aircraft. The combination of MTI PolyFab products with those of 3M’s wholly-owned subsidiary,more...
  • 5/28/10 8:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has acquired J.R. Phoenix Ltd., a manufacturer of hand hygiene and skin care products for health care and professional use including soaps, hand cleansers, moisturizing and protecting creams, antimicrobial soaps and sanitizing gels, shampoo and body wash. Terms of the transaction were not disclosed. Proper hand washing remains the primary defense in preventing the spread of infection, especially for health caremore...
  • 4/6/10 8:00 am CDT
    ST. PAUL, Minn. & TOKYO--(BUSINESS WIRE)--3M has completed its acquisition of a majority stake in the A-One branded consumer and office label business and related operations. Terms of the transaction were not disclosed. A-One is the number one office and consumer label brand in Asia and the second largest worldwide. For over 50 years, A-One has offered label products with the highest level of Japanese quality, design and innovation with current distribution at all major retailmore...
  • 3/8/10 7:20 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire MTI PolyFab Inc., a manufacturer of thermal and acoustic insulation for the aerospace industry. MTI PolyFab designs and manufactures a light-weight thermal and acoustic insulation system for a wide variety of aerospace customers to address unwanted airborne and structure-borne noise in aircraft. The combination of MTI PolyFab products with those of 3M's wholly-more...