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3M to Acquire Aearo Technologies Inc., Global Leader in Personal Protection Equipment.

Publication: Business Wire
Publication Date: 15-NOV-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Acquisition Bolsters 3M's Personal Protection Franchise

ST. PAUL, Minn. & INDIANAPOLIS -- 3M and Aearo Technologies Inc. announced today that they have entered into a definitive agreement for 3M's acquisition of Aearo for a total purchase price of $1.2 billion, to be financed through a combination of cash and other borrowings. Aearo is a global leader in the personal protection industry and manufactures and markets personal protection and energy absorbing products. Aearo is owned by funds advised by Permira, a leading global private equity firm, and company management.

Aearo will significantly expand 3M's occupational health and environmental safety platform by adding hearing protection as well as eyewear and fall protection product lines to 3M's existing full-line of respiratory products. It provides a broad platform for accelerated growth. This acquisition enables 3M to provide industrial, military and construction customers as well as consumers with a more complete personal protection solution.

"Aearo complements and significantly broadens our core safety and personal protection business, a space which is growing fast and of strategic importance to the company," said George W....

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