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  6. 3M Acquires General Industrial Diamond Company

M&A Deal Summary

3M Acquires General Industrial Diamond Company

On February 28, 2006, 3M acquired manufacturer General Industrial Diamond Company

Acquisition Highlights
  • This is 3M’s 3rd transaction in the Manufacturing sector.
  • This is 3M’s 7th transaction in the United States.
  • This is 3M’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2006-02-28
Target General Industrial Diamond Company
Sector Manufacturing
Buyer(s) 3M
Deal Type Add-on Acquisition

Target

General Industrial Diamond Company

Whippany, New Jersey, United States
General Industrial Diamond Company Inc. is a manufacturer of superabrasive grinding wheels, dressing tools and machines used to dimension and finish hard-to-grind materials in industrial and commercial markets.

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Buyer(S) 1

Buyer

3M

St. Paul, Minnesota, United States
Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 8 of 81
Sector (Manufacturing) 3 of 20
Type (Add-on Acquisition) 7 of 70
State (New Jersey) 1 of 2
Country (United States) 7 of 51
Year (2006) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-13 OMNII Oral Pharmaceuticals

West Palm Beach, Florida, United States

OMNII Oral Pharmaceuticals is a provider of differentiated preventive dental products, solutions and support for dental professionals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-02 SBG

Berlin, Germany

SBG (Software und Beratung im Gesundheitswesen) GmbH is a developer of diagnosis related groups (DRG) software for hospitals, including related trademarks and patents.

Buy -
Mergr

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