3M Acquires Its Filtration Subsidiary CUNO

3M completed its acquisition of CUNO Incorporated after CUNO's shareholders voted in favor (i.e., 72.5 percent of CUNO's outstanding shares) of the all cash transaction for $72 per share in a special shareholders meeting held earlier today.

CUNO, a subsidiary of 3M with its headquarters in Meriden, Conn., designs, manufactures, and markets a comprehensive line of filtration products for the separation, clarification, and purification of fluids and gasses. 3M and CUNO expect to take advantage of CUNO's expertise in liquid filtration and 3M's complementary capabilities in air filtration, along with its broad presence in markets where demand for filtration solutions is growing, to serve customers around the world more effectively.