M&A Deal Summary

Desco Industries Acquires 3M - Global Static Control Business

On December 15, 2014, Desco Industries acquired electrical equipment company 3M - Global Static Control Business from 3M

Acquisition Highlights
  • This is Desco Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Desco Industries’ 1st transaction in the United States.
  • This is Desco Industries’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-12-15
Target 3M - Global Static Control Business
Sector Electrical Equipment
Buyer(s) Desco Industries
Sellers(s) 3M
Deal Type Divestiture

Target

3M - Global Static Control Business

Sanford, North Carolina, United States
3M's Static Control business is a provider of products and solutions that help prevent, detect, and protect against Electrostatic Discharge (ESD) events.

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Buyer(S) 1

Buyer

Desco Industries

Chino, California, United States
Category Company
Founded 1950
Sector Electrical Equipment
DESCRIPTION

Desco Industries, Inc. manufactures electrostatic discharge (ESD) control products.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

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 9 of 19
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 8 of 18
State (North Carolina) 1 of 1
Country (United States) 8 of 17
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 3M - Digital Signage Assets

United States

3M's digital signage business including hardware, software, and access to customer relationships.

Sell -
FOLLOWING 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 -
Mergr

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