3M's Home Care Division announced today that it has entered into a definitive agreement to acquire the sales and marketing operations of Interchemall Dom, a provider of household cleaning products based in Warszawa, Poland. The cash for stock transaction includes related trademarks and brands and is expected to be complete in the near term subject to customary closing conditions, including regulatory approval.
Interchemall Dom's household cleaning products include SYRENA brand bath sponges, PLUS brand kitchen scrubbers and sponges, and PRIMA brand wipes and cloths. 3M delivers some of the world's best-known home care products, such as Scotch-Brite(TM) and O-Cel-O(TM) brand scrub sponges and scouring pads, wipes and cloths, and a variety of mechanical cleaning tools to consumers around the world.
"This acquisition allows 3M to offer consumers more choices in a new geographic market," said Piotr Freyberg, managing director, 3M Poland. "In addition to significant growth opportunities for our core sponge products, we look forward to bringing our entire line of home care cleaning solutions to Eastern Europe."
Interchemall Dom's approximately 26 people will transfer to 3M Poland upon completion of the transaction. In 2004, Interchemall Dom generated sales of approximately 25 million zloty ($8 million U.S.) from sales of household cleaning products.
Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements, including statements regarding 3M's and Interchemall Dom's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to the companies as of the date hereof, and the companies assume no obligation to update any such forward-looking statement.
About Interchemall Dom
Interchemall Dom, part of Interchemall Holding Group (established in 1991) provides foam plastic products for household cleaning and industrial uses, as well as customized solutions for the industrial industry. Based in Warszawa, Poland, Interchemall Dom employs approximately 26 people.
About 3M -- A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the company's 67,000 people use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation.
3M, Scotchprint, Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command, O-Cel-O and Vikuiti are trademarks of 3M.
SYRENA, PLUS and PRIMA are trademarks of Interchemall Dom.
3M, St. PaulMedia Contact:Donna Fleming, 651-736-7646orInvestor Contacts:Mark Colin, 651-733-8206orBruce Jermeland, 651-733-1807