3M Completes Acquisition of Grafoplast S.p.A.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 that it completed its acquisition of Grafoplast S.p.A., a manufacturer of wire identification systems for the wire and cable market. Terms of the transaction were not disclosed. Grafoplast's innovative products--from thermal printers See direct thermal printer and thermal wax transfer printer. and software to identification systems for special applications, cable holders and insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. end sleeves--serve installers, contractors and automation industries across Italy Italy (ĭt`əlē), Ital. Italia, officially Italian Republic, republic (2005 est. pop. 58,103,000), 116,303 sq mi (301,225 sq km), S Europe. and Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). . Grafoplast's range
of electrical permanent marking products complements 3M's existing
range of tape marking system products and will help us to better serve
the wire and cable markets. Together, 3M and Grafoplast will offer a
complete marking system solution for our customers globally.
3M Wire Marking and Identification systems are used for marking wire and cable of all diameters, distribution panels, repair and replacement parts, wires and hoses in motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. vehicles, terminal strips, motor leads, sub-motor leads, sub-assembly leads, and control panels. Complementary acquisitions such as this support both 3M's core electrical supplies business and its strategy to expand into adjacent markets and accelerate geographical growth. About Grafoplast S.p.A. Founded in 1963, Grafoplast is an Italian leading company that develops and markets innovative identification systems for the industrial and building automation. Grafoplast marking systems are available for all kinds of cables, wires, and for electrical components and available in all major European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. countries. Grafoplast is headquartered in Predosa, Italy and employs approximately 90 people. About 3M A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M's core strength is applying its more than 40 distinct technology platforms - often in combination - to a wide array of customer needs. With $24 billion in sales, 3M employs 79,000 people worldwide and has operations in more than 60 countries. |
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