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Top 5 News that Sticks

Readers Most Interested in 3M Sales Announcement

News about 3M selling its foam adhesive business garnered the most reader interest.

By Teresa McPherson
top 5 news ASI
February 1, 2016

3M recently announced it has entered into an agreement to sell to Innovative Chemical Products Group (ICP Group), a portfolio company of Audax Private Equity, the assets of 3M’s Pressurized Polyurethane Foam Adhesives business (formerly known as Polyfoam), which is part of 3M’s Industrial Adhesives and Tapes Division.

“After strategic portfolio review, we decided to exit this business and focus on our core adhesives, sealants, and tapes businesses,” said Ty Silberhorn, vice president and general manager, 3M Industrial Adhesives and Tapes Division.

“The Pressurized Polyurethane Foam Adhesives business will be a new, strategic business unit within ICP Group, focused on industrial and construction applications,” said Doug Mattscheck, president and CEO, ICP Group.

 

Top 5 News that Sticks for January 24-30

1. 3M to Sell Foam Adhesive Business (#2 last week)

2. Toyochem Acquires Rights to Dow Chemical Adhesives (#3 last week)

3. U.S. is Now Preferred Location for New Factory Capacity to Serve Domestic Market

4. UV-Cured Resins Market Ripe for Modest Growth as More Applications Emerge

5. Smart Coatings Market to Exceed $1.4 Billion by 2021

KEYWORDS: acquisitions general business light-cure adhesives market reports ultraviolet (UV) curing

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Teresamcpherson95

Teresa McPherson was the former Editor of Adhesives & Sealants Industry. She has held several editorial positions during her more than 20 years with BNP Media. She holds a bachelor’s degree in English and journalism from Eastern Michigan University.

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