3M Company acquired Aearo Holding Corp. (Aearo Technologies Inc.) for Approximately $523 million cash paid (net of cash acquired) plus approximately $684 million of assumed debt immediately paid off (approximately $1.2 billion total), structured as Purchase of 100 percent of the outstanding shares (stock purchase).
Aearo Holding Corp. (Aearo Technologies Inc.) operates in Safety, Security and Protection Services Business. In April 2008, 3M purchased 100 percent of the outstanding shares of Aearo Holding Corp., the parent company of Aearo Technologies Inc., a manufacturer of personal protection and energy-absorbing products. It was the largest of 18 business combinations 3M completed in 2008.
Aearo added a portfolio of personal protection and energy-absorbing products complementary to 3M's occupational health and safety businesses.
Advisory firms were not disclosed for this transaction.