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DewDiligence

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DewDiligence

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Re: DewDiligence post# 9580

Monday, 02/23/2015 9:58:28 AM

Monday, February 23, 2015 9:58:28 AM

Post# of 29487
3M makes $1B acquisition:

http://finance.yahoo.com/news/3m-acquire-polypore-separations-media-093600910.html

3M announced today that it has entered into a definitive agreement with Polypore International Inc. to acquire the assets and liabilities associated with Polypore’s Separations Media business for a total purchase price of $1.0 billion.

Polypore’s Separations Media business is a leading provider of microporous membranes and modules for filtration in the life sciences, industrial and specialty segments with trailing 12-month sales of $210 million as of Sept. 27, 2014.

3M typically consummates several acquisitions of this size in a given year.

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