3M Company acquired Scott Safety for $2.0 billion (subject to closing and other adjustments), structured as Cash acquisition from Johnson Controls (of the underlying legal entities and associated assets).
Scott Safety operates in Safety and Graphics (Personal Safety), is based in Headquartered in Monroe, North Carolina (sold by Johnson Controls). 3M (Safety and Graphics Business) agreed to acquire Scott Safety, headquartered in Monroe, North Carolina, from Johnson Controls for $2.0 billion. Scott Safety is a premier manufacturer of innovative products, including self-contained breathing apparatus systems, gas and flame detection instruments, and other safety devices that complement 3M's personal safety portfolio.
Complement and expand 3M's personal safety portfolio with premier respiratory and detection products.
Premier manufacturer of SCBA and gas/flame detection products that complement 3M's personal safety portfolio. 3M Personal Safety / Safety and Graphics business Completed in October 2017 via cash tender; reported within 3M's personal safety business.
Advisory firms were not disclosed for this transaction.