Jun
24
3M Bets Big On Worker Safety In $2.5 Billion Deal With Private Equity Giant KKR
ByPrivate equity giant KKR & Co. is selling Capital Safety, a specialist maker of harnesses, lanyards, and retracting lifeline systems that are used as fall protection in building construction, mining and oil exploration, to3M MMM +0.1% for $2.5 billion when including debt.
The acquisition, 3M said, fills a strategic priority for the materials conglomerate, which continues expand its presence in the protective equipment industry. The St. Paul, Minn-based Dow Industrial giant believes demand for protective equipment is growing at above average rates, driven by a rising focus among global regulators on worker safety…
3M Bets Big On Worker Safety In $2.5 Billion Deal With Private Equity Giant KKR
