3M Completes Acquisition of EMFI S.A. and SAPO S.A.S
October 01, 2008 08:00 AM
ST. PAUL, Minn.--3M announced today it has completed its acquisition of EMFI S.A. and SAPO S.A.S. ("EMFI/SAPO"), manufacturers of polyurethane-based structural adhesives and sealants headquartered in Haguenau, France. Terms of the transaction were not disclosed.
EMFI/SAPO's high-performance adhesives and sealants complement 3M Industrial Adhesives and Tapes Division's core industrial adhesives product line and provide access to the fast-growing polyurethane-based structural adhesives and sealants market segment. The acquisition also will help 3M to better serve customers in France and across Europe.
Based on more than 50 years experience in practical application of adhesive technology, 3M offers industrial tapes and adhesives for bonding, protecting, masking, enhancing, shielding, damping, splicing, reinforcing, color coding, case sealing and more. Complementary acquisitions such as this support both 3M's core industrial adhesives business and growth strategy to expand into adjacent markets.
About EMFI S.A. and SAPO S.A.S.
Founded in 1957, EMFI/SAPO has more than 50 years experience as a worldwide provider of polyurethane adhesives and sealants. EMFI/SAPO serves customers in more than 70 countries with products that include adhesives and sealants for building and infrastructure construction, wood floors, structural assembly, auto, truck, marine, specialty vehicle and rail assembly applications.
About 3M
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M's 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.
Contacts:
Media Contacts:
3M
Donna Fleming Runyon,
651-736-7646
or
3M France
Catherine Hamon,
33-01-0130317506
or
Investor Contacts:
3M
Matt Ginter,
651-733-8206
or
Bruce Jermeland,
651-733-1807
