3M Acquisition Dominates the News

Readers last week were drawn in droves to news from 3M regarding its latest acquisition (3M Completes Acelity Acquisition): “3M recently announced that it has completed its acquisition of Acelity, Inc. and its KCI subsidiaries worldwide for a total enterprise value of approximately $6.7 billion, including assumption of debt and other adjustments. Acelity produces KCI-branded products for advanced wound care and specialty surgical applications.

“‘This is an exciting day as we bring together two premier and innovative companies that are focused on delivering comprehensive health care solutions to enable better outcomes for patients,’ said Mike Roman, 3M chairman and CEO. ‘We are excited to have the tremendous people of Acelity join the 3M team, and are confident in the value that this acquisition will deliver to our customers and our shareholders. This addition further accelerates 3M as a leader in advanced wound care, which is a significant and growing market segment.’”

We’ve seen a large number of industry acquisitions so far in the second half of 2019. How are they impacting your business?

Top 5 News that Sticks for October 20-26

1. 3M Completes Acelity Acquisition
2. IGM Resins Outlines Growth Strategy for Energy Curing Resins Business
3. Industrial Caulk and Seal Completes 1 Million Linear Feet of Joint Fill
4. BYK Announces Management Change as Glander Steps Down
5. AkzoNobel to Supply Coatings for New York Yacht Club’s American Magic Team

This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.