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M&A Deal Summary

3M and Sealed Air Acquire PolyMask

On September 1, 1991, 3M and Sealed Air acquired manufacturer PolyMask

Acquisition Highlights
  • This is 3M’s 1st and Sealed Air’s 1st transaction in the Manufacturing sector.
  • This is 3M’s 2nd and Sealed Air’s 1st transaction in the United States.
  • This is 3M’s 1st and Sealed Air’s 1st transaction in North Carolina.

M&A Deal Summary
Date 1991-09-01
Target PolyMask
Sector Manufacturing
Buyer(s) 3M
Sealed Air
Deal Type Joint Venture

Target

PolyMask

Conover, North Carolina, United States
PolyMask Corp. is a joint venture between 3M and Sealed Air that produces protective films. PolyMask protective films feature water-based acrylic adhesives, designed specifically for temporary surface protection of carpets, metals, glass, plastic and wood to guard against scratching, marring, chipping, abrasion and UV during production, packaging, shipping and installation.

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Buyer(S) 2

Buyer

3M

St. Paul, Minnesota, United States
Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 24.6B USD (2024)
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 that 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 2 of 81
Sector: Manufacturing M&A 1 of 20
Type: Joint Venture M&A Deals 1 of 1
State: North Carolina M&A 1 of 5
Country: United States M&A 2 of 51
Year: 1991 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1973-01-01 Scientific Anglers

Midland, Michigan, United States

Scientific Anglers is a provider of fly fishing lines, leaders, and tippet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-01 Glassbridge

New York, New York, United States

Glassbridge is a provider of data storage and data security. Products include DVDs, CDs, and Blu-ray disc recordable media, as well as USB flash drives, flash cards, and external hard disks; and audio and accessories, such as headphones, speakers, and accessories. GlassBridge was founded in 1996 and is based in New York, New York.

Sell -
Buyer

Sealed Air

Charlotte, North Carolina, United States
Category Company
Founded 1960
Sector Packaging
Employees16,400
Revenue 5.4B USD (2024)
DESCRIPTION
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.

Sealed Air is a provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 19
Sector: Manufacturing M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 9
Year: 1991 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-10 Trigon Industries

New Zealand

Trigon Industries Ltd., manufacture and sale of flexible packaging materials sold primarily for food packaging, durable envelope products for the banking, security and courier industries, and specialty adhesive products in Australasia, Europe and the United States.

Buy $57M
Mergr

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