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April 1, 2008
For Immediate Release
3M Completes Acquisition of Aearo Technologies Inc.
ST. PAUL, Minn. & INDIANAPOLIS, Ind. – 3M announced today it has completed
its acquisition of Aearo Technologies Inc., a manufacturer of personal protection
and energy absorbing products.
Aearo provides a broad platform for accelerated growth. It 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. This acquisition enables 3M to provide industrial,
military and construction customers as well as consumers with a more complete personal
protection product offering.
Aearo has achieved global recognition for its hearing and eye protection with brand
names such as E-A-R,
Peltor, and SafeWaze, and its reputation for developing high-quality,
innovative products and strong market competitiveness. 3M’s personal protective
equipment provides customers with innovative technologies and solutions that help
increase personal safety and can help enhance productivity in markets such as first
responder, industrial manufacturing, automotive, shipbuilding, military, home improvement
contractors and consumer.
Aearo was owned by funds advised by Permira, a leading global private equity
firm, and Aearo management.
About Aearo Technologies
Indianapolis, Ind., Aearo Technologies is a global leader in the personal protection
equipment industry. The company manufactures and sells technologically advanced
hearing protection devices, communication headsets, non-prescription and prescription
safety eyewear, face shields, reusable and disposable respirators, fall protection
equipment and hard hats. Through its Specialty Composites business, the company
provides engineered system solutions using a wide array of proprietary materials
to control excess noise, vibration, shock, and thermal energy. Aearo’s products
are sold in more than 70 countries.
About 3M
A recognized leader in research and development, 3M produces thousands of innovative
products for dozens of diverse markets. 3M’s core strength is applying its
more than 40 distinct technology platforms – often in combination –
to a wide array of customer needs. With $24 billion in sales, 3M employs 75,000
people worldwide and has operations in more than 60 countries. For more information,
visit www.3M.com.
Media Contact:
Donna Fleming Runyon, 3M
(651) 736-7646
Investor Contacts:
Matt Ginter, 3M
(651) 733-8206
Bruce Jermeland, 3M
651) 733-1807
3M is a trademark of 3M. Used under license in Canada.
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