3M to Acquire EMFI S.A. and SAPO S.A.
ST.
PAUL, MN - 3M has entered into an agreement to acquire EMFI S.A. and SAPO S.A.
(EMFI/SAPO), manufacturers of polyurethane-based structural adhesives and
sealants headquartered in Haguenau, France. The agreement will be implemented
subject to compliance with third-party notice and approval requirements. Terms
of the transaction were not disclosed.
EMFI/SAPO’s high-performance adhesives and sealants complement 3M Industrial Adhesives and Tapes Division’s core industrial adhesives product line and provide access to the fast-growing polyurethane-based structural adhesives and sealants market segment.
“In addition to EMFI/SAPO’s polyurethane structural adhesive and sealant platform, this acquisition brings technical know-how, and a unique manufacturing process to 3M that will accelerate growth and allow us to deliver a broader offering to our customers globally,” said Patrick Deconinck, Vice President and General Manager, 3M Industrial Adhesives and Tapes Division.
Bernard Cicut, Managing Director of 3M in France added, “We also see strong sales synergies with EMFI/SAPO that will help us to better serve customers in France and across Europe.”
EMFI/SAPO employs approximately 350 people. The transaction is expected to close in the fourth quarter, subject to customary closing conditions, including regulatory approvals.
EMFI/SAPO’s high-performance adhesives and sealants complement 3M Industrial Adhesives and Tapes Division’s core industrial adhesives product line and provide access to the fast-growing polyurethane-based structural adhesives and sealants market segment.
“In addition to EMFI/SAPO’s polyurethane structural adhesive and sealant platform, this acquisition brings technical know-how, and a unique manufacturing process to 3M that will accelerate growth and allow us to deliver a broader offering to our customers globally,” said Patrick Deconinck, Vice President and General Manager, 3M Industrial Adhesives and Tapes Division.
Bernard Cicut, Managing Director of 3M in France added, “We also see strong sales synergies with EMFI/SAPO that will help us to better serve customers in France and across Europe.”
EMFI/SAPO employs approximately 350 people. The transaction is expected to close in the fourth quarter, subject to customary closing conditions, including regulatory approvals.
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