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Mergers and Acquisitions

  • 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...
  • 2/22/10 1:00 am CST

    - Acquisition Expands 3M’s Office Supplies Product Offering, Accelerates 3M’s Global Label Growth Initiative -

    ST. PAUL, Minn. & TOKYO--(BUSINESS WIRE)--3M announced today that it has entered into a definitive agreement to acquire 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. It has been majority owned and operated by the Arai family continuously since its inception in 1959, offering themore...
  • 12/15/09 10:50 am CST

    - Acquisition Expands 3M’s Floor Care Products Offering in Brazil -

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire Incavas Industria de Cabos e Vassouras Ltda., a manufacturer of floor care products based in Rio Grande do Sul, Brazil. Terms of the transaction were not disclosed. Incavas is an important manufacturer of household floor cleaning tools in Brazil. The company’s line of floor cleaning products includes squeegees, brushes, dust pans and brooms. For more than 40 yearsmore...
  • 7/23/09 2:00 pm CDT

    Acquisition Broadens 3M’s Consumer Business

    ST. PAUL, Minn. & WILTON, Conn.--(BUSINESS WIRE)--3M today announced that it recently acquired the ACE® branded (and related brands) elastic bandage and supports product lines and thermometer product line from BD (Becton, Dickinson and Company). Terms of the transaction were not disclosed. The foundation of the ACE® brand dates back to 1914 when BD began manufacturing elastic bandages in the United States. ACE® brand products are designedmore...
  • 2/9/09 2:48 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--Venture Tape Corp., a subsidiary of 3M, announced today that it has completed its acquisition of Compac Corp.’s pressure sensitive adhesive (PSA) tape assets from Lamtec Corp. Terms of the transaction were not disclosed. All Compac PSA tape products, which are used for the heating, ventilation and air conditioning (HVAC), insulation and industrial markets, now will be supplied from Venture Tape Corp. Venture Tape manufactures amore...