M&A Deal Summary

3M Acquires Polypore International - Separations Media Business

On February 23, 2015, 3M acquired machinery company Polypore International - Separations Media Business from Polypore International for 1.0B USD

Acquisition Highlights
  • This is 3M’s 2nd transaction in the Machinery sector.
  • This is 3M’s 7th largest (disclosed) transaction.
  • This is 3M’s 46th transaction in the United States.
  • This is 3M’s 5th transaction in North Carolina.

M&A Deal Summary
Date 2015-02-23
Target Polypore International - Separations Media Business
Sector Machinery
Buyer(s) 3M
Sellers(s) Polypore International
Deal Type Divestiture
Deal Value 1.0B USD

Target

Polypore International - Separations Media Business

Charlotte, North Carolina, United States
Polypore International - Separations Media Business is a provider of microporous membranes and modules for filtration in the life sciences, industrial and specialty segments.

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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 74 of 81
Sector (Machinery) 2 of 2
Type (Divestiture) 7 of 9
State (North Carolina) 5 of 5
Country (United States) 46 of 51
Year (2015) 2 of 3
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-19 Ivera Medical

San Diego, California, United States

Ivera Medical Corp. is focused on the design, development, manufacture, marketing and sale of the Curos line of products including passive disinfection port protectors that disinfect and then cover needleless valves to prevent contamination between venous accesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Capital Safety

Red Wing, Minnesota, United States

Capital Safety, Inc. is a provider of fall protection equipment for people working at height in a wide range of end user sectors including manufacturing, construction, oil and gas, and utilities.

Buy $2.5B

Seller(S) 1

SELLER

Polypore International

Charlotte, North Carolina, United States
Category Company
Sector Machinery
Employees2,400
Revenue 658M USD (2014)
DESCRIPTION

Polypore International, Inc. is a global manufacturer of highly engineered filtration products used in the power storage, healthcare, electronics and specialty technology industries.

DEAL STATS #
Overall 2 of 3
Sector (Machinery) 1 of 1
Type (Divestiture) 2 of 3
State (North Carolina) 1 of 2
Country (United States) 2 of 3
Year (2015) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Microporous

Piney Flats, Tennessee, United States

Microporous is a developer, manufacturer, and marketer of high-performance rubber, polyethylene (PE), and hybrid battery separators for flooded lead-acid batteries. Separators are a highly-engineered, mission-critical component of lead-acid batteries. Microporous was founded in 1934 and is based in Piney Flats, Tennessee.

Sell $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 Polypore International - Energy Storage Business

North Carolina, United States

Polypore International - Energy Storage Business is a provider of polypropylene and polyethylene monolayer and multilayer membrane separators for lithium batteries used in various consumer electronics products, such as mobile phones and other handheld devices, laptop computers, MP3 players, cameras, and power tools.

Sell -
Mergr

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