3M Acquires Diamond Productions Inc.Acquisition Broadens Superabrasives Platform ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- 3M announced today it has acquired Diamond Productions Inc., a manufacturer of superabrasive diamond and CBN CBN - call-by-name (cubic boron nitride Boron nitride (BN) is a binary chemical compound, consisting of equal proportions of boron and nitrogen. The empirical formula is therefore BN. Boron nitride is isoelectronic to the elemental forms of carbon and isomorphism occurs between the two species. ) wheels and tools for dimensioning and finishing hard-to-grind materials in metalworking, woodworking and stone fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. markets. Terms of the transaction were not disclosed. Diamond Productions Inc. (DPI (Dots Per Inch) The measurement of the resolution of display and printing systems. A typical CRT screen provides 96 dpi, which provides 9,216 dots per square inch (96x96). Flat panel displays from 110 to 200 dpi have also been developed. ) brings industrial metalworking strengths as well as new applications for stone processing to 3M's strong offering of grinding and finishing tools for the industrial and commercial markets. The combination of 3M and DPI expands the capabilities for dimensioning hard-to-grind materials to include stone, marble and concrete. The addition of DPI's metal, resin and vitrified superabrasives enhances 3M's cutting and grinding capabilities for such things as kitchen countertops, monuments and structural granite as well as difficult to grind carbides carbides (kar´bīdz), n 1. in chemistry, carbon binary compounds with strong electron-releasing properties. 2. mixtures of carbon with at least one heavy metal. E.g. , ceramics and glass. "This acquisition expands 3M's superabrasives business into new areas for 3M like the industrial stone industry," said Chris Holmes, division vice president, 3M Abrasive Systems Division. "Adding DPI's bonded superabrasives enhances our existing product line and enables 3M to provide even more products for manufacturing process improvements by our customers." 3M Abrasive Systems Division is 3M's "heritage business," upon which the company was founded in 1902. 3M's brands are recognized around the world, making the company a leading abrasives supplier to manufacturers of medical, electronics, aerospace, automotive and thousands of other products. 3M abrasive technologies and brands, including Cubitron, Scotch-Brite, and Trizact, mean customers can trust 3M to provide quality, innovative products and solutions for virtually every purpose - from grinding to polishing. Complementary acquisitions such as this support both 3M's core business and growth strategy to expand into additional markets. DPI is located in Wayne, New Jersey Wayne is a township in Passaic County, New Jersey, United States, located less than 20 miles from midtown Manhattan. As of the United States 2000 Census, the township had a total population of 54,069. and employs approximately 50 people. About Diamond Productions Inc. Diamond Productions Inc. was founded in 1952 by Andrew and Dorothy Labowsky. DPI has manufactured superabrasive products for the carbide carbide, any one of a group of compounds that contain carbon and one other element that is either a metal, boron, or silicon. Generally, a carbide is prepared by heating a metal, metal oxide, or metal hydride with carbon or a carbon compound. , ceramics and stone fabrication industries for more than 55 years. Its 30,000 square foot headquarters in Wayne, NJ is a state-of-the-art diamond wheel and tool manufacturing facility. About 3M - A Global, Diversified Technology Company Every day, 3M people find new ways to make amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers around the world, the people of 3M use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation. Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M. |
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