3M to acquire Unifam Sp zoo |
|
|
|
Published
:
Mon, 22 Oct 2007 15:27
|
ST. PAUL, Minn. (AP) - 3M Co., which makes Scotch tape and Post-It Notes, said Monday that it has agreed to acquire Unifam Sp zoo, a Poland-based maker of cutoff wheels, depressed center grinding wheels and flap discs.Terms of the deal, which is expected to close in the fourth quarter, were not disclosed.Unifam's bonded wheels and flap discs are used to cut and grind materials such as metallic sheet, rod, pipe and welds, for markets including metalworking, shipbuilding, heavy equipment manufacturing and construction.Unifam produces products for 3M that feature 3M's cubitron abrasive grain, a ceramic aluminum oxide mineral designed to deliver a higher cut rate and longer life in demanding production environments, 3M said.Unifam employs about 95 people at a facility in Poland.3M shares fell $1.09 to $85.53 in morning trading.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
Print this Story
3M to acquire wheel manufacturer Unifam Sp. z o.o., terms not disclosed 