3M's (MMM) Acquisition of Capital Safety is Credit-Positive Development - Moody's
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3M Co. (MMM) to Acquire Capital Safety; Deal Valed at $2.5B (KKR)
June 23, 2015 9:03 AM EDT3M Co. (NYSE: MMM) announced that it has entered into a definitive agreement to acquire Capital Safety from KKR for a total enterprise value of $2.5 billion, including the assumption of approximately $0.7 billion of debt, net of cash acquired. Capital Safety is a leading global provider of fall protection equipment, one of the fastest-growing safety categories within the global personal protective equipment industry.
The personal protective equipment industry is a strategic priority for 3M. Demand for personal protective equipment is rapidly growing, driven by increasing regulatory focus on worker safety across both developed and developing... More
