3M Acquires Paint Finishing Business

Tuesday, September 23, 2008 10:56 am CDT

Dateline:

ST. PAUL, Minn.

Public Company Information:

NYSE:
MMM

ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it recently acquired the business of Dedication to Detail, a Philadelphia-based manufacturer of paint finishing systems including buffing and polishing pads. Terms of the transaction were not disclosed.

The acquisition of Dedication to Detail enhances 3Ms range of vehicle appearance products with the addition of patented quick release double-sided foam and wool pads sold under "The Edge" brand. Dedication to Details innovative products and manufacturing expertise will complement 3Ms current range of products and create additional growth in the automotive aftermarket and related paint finishing markets.

3Ms Automotive Aftermarket Division provides a comprehensive line of 3M products for auto body repair professionals and auto enthusiasts. Products include abrasives and accessories, performance cleaning products, waxes, masking tapes, panel bonding adhesives, general adhesives coatings and sealers, paint finishing polishes and compounds, and paint application systems.

About 3M

A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3Ms core strength is applying its more than 40 distinct technology platforms often in combination to a wide array of customer needs. With $24 billion in sales, 3M employs 79,000 people worldwide and has operations in more than 60 countries. For more information, visit www.3M.com.

Contact:

3M
Media Contacts:
Donna Fleming Runyon, 651-736-7646
or
Investor Contacts:
Matt Ginter, 651-733-8206
or
Bruce Jermeland, 651-733-1807

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