M&A Deal Summary

3M Acquires Futuro Hosiery

On November 24, 2008, 3M acquired apparel/textiles company Futuro Hosiery from Beiersdorf

Acquisition Highlights
  • This is 3M’s 1st transaction in the Apparel/Textiles sector.
  • This is 3M’s 32nd transaction in the United States.
  • This is 3M’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2008-11-24
Target Futuro Hosiery
Sector Apparel/Textiles
Buyer(s) 3M
Sellers(s) Beiersdorf
Deal Type Divestiture

Target

Futuro Hosiery

Cincinnati, Ohio, United States
Futuro offers a complete product line of supports and compression hosiery products in 36 countries around the world.

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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 51 of 81
Sector (Apparel/Textiles) 1 of 2
Type (Divestiture) 3 of 9
State (Ohio) 3 of 3
Country (United States) 32 of 51
Year (2008) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-12 Grafoplast

Predosa, Italy

Grafoplast is an Italian company that develops and markets innovative identification systems for the industrial and building automation. Grafoplast marking systems are available for all kinds of cables, wires, and for electrical components and available in all major European countries. Grafoplast is headquartered in Predosa, Italy and employs approximately 90 people.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-09 ABRASIVOS S.A.

Lima, Peru

ABRASIVOS has been the leader in the manufacture of coated abrasives in Peru, supplying the Peruvian market with a large variety of abrasive tools and related specialties and services. ABRASIVOS exports specialty products to North American converters and private label products for South American markets.

Buy -

Seller(S) 1

SELLER

Beiersdorf

Hamburg, Germany
Category Company
Founded 1882
Sector Consumer Products
Employees21,958
Revenue 9.4B EUR (2023)
DESCRIPTION

Beiersdorf is a cosmetics company. Its flagship NIVEA brand is a skin and beauty care brand. Other names in its internationally successful brand portfolio include Eucerin, la prairie, Labello, 8x4, and Hansaplast/Elastoplast. Beiersdorf was founded in 1882 and is based in Hamburg, Germany.

DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-20 Bode Chemie KG

Hamburg, Germany

Bode Chemie GmbH & Co. KG is a provider of disinfection, hygiene, and skin protection products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Coppertone

Whippany, New Jersey, United States

Coppertone was the first sun care brand launched in the US market. Coppertone is headquartered in Whippany, New Jersey, USA, and present in the United States, Canada, and China.

Buy $550M
Mergr

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