Scott Safety Aqquired By 3M in 2 Billion Dollar Deal

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Last week 3M announced that it has inked a deal with Johnson Controls to acquire its Scott Safety business for $2 billion. Scott Safety is a manufacturer of equipment such as self-contained breathing apparatus systems, respirators, thermal imaging cameras, escape equipment, communications gear, and other protective instruments. Scott Safety’s products provide protective solutions in industries such as fire services, chemical, construction, petroleum, industrial, and emergency services. The deal, which will be accretive to 3M’s business, is expected to close in the second half of the year. It also marks the second-largest acquisition in 3M’s history, and will make the company the largest player in the personal protection market in the U.S.

 

https://www.forbes.com/sites/greatspeculations/2017/03/23/3ms-acquisition-of-scott-safety-fits-its-portfolio-well/#67e70f0c2eb0