Apr 3 2008
3M announced today it has completed its acquisition of Aearo Technologies Inc., a manufacturer of personal protection and energy absorbing products.
Aearo provides a broad platform for accelerated growth. It will significantly expand 3M’s occupational health and environmental safety platform by adding hearing protection as well as eyewear and fall protection product lines to 3M’s existing full-line of respiratory products. This acquisition enables 3M to provide industrial, military and construction customers as well as consumers with a more complete personal protection product offering.
Aearo has achieved global recognition for its hearing and eye protection with brand names such as E-A-R, Peltor, and SafeWaze, and its reputation for developing high-quality, innovative products and strong market competitiveness. 3M’s personal protective equipment provides customers with innovative technologies and solutions that help increase personal safety and can help enhance productivity in markets such as first responder, industrial manufacturing, automotive, shipbuilding, military, home improvement contractors and consumer.
Aearo was owned by funds advised by Permira, a leading global private equity firm, and Aearo management.
Posted April 3rd,2008