3M Italia S.p.A. Buys Electrical Cable Accessory Manufacturer.AUSTIN, Texas--(BUSINESS WIRE)--Sept. 10, 1997--3M Italia S.p.A. today acquired Miel S.p.A., an Italian company that makes medium voltage cable accessories for electrical cables and equipment utilized by electrical power utilities and industry. Miel's products, including splices, terminations and dead break elbow technology, broaden 3M's product offering. The acquisition better positions 3M to be a global supplier of cable accessories to utilities, electrical contractors and industrial customers. The price of the acquisition was not disclosed. 3M already sells power cable accessories, splices and terminations, some with a number of built-in features, to utilities and large industrial companies around the world. Miel was a privately-owned company founded in 1982 by Angelo Mariani Angelo Mariani or Ange-François Mariani (1832 - 1914) was a French chemist, originally from the now French-owned island of Corsica. He is most well known as the inventor of the first cocawine, Vin Mariani in 1863. . 3M purchased all of the stock of the company from its owners. The purchase included office and manufacturing facilities near Milan. The manufacturing facility is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified See certification. . The 3M Electrical Products Division, based in Austin, Texas, designs, manufactures and markets products for electrical construction, industrial maintenance, utility and industrial power businesses, and electrical/electronic devices produced by original equipment manufacturers. Division products include electrical and electronic specialty insulating tapes Noun 1. insulating tape - a water-resistant adhesive tape used to insulate exposed electrical conductors friction tape adhesive tape - tape coated with adhesive insulating tape n → cinta aislante ; power cable splices and terminations, including heat- and non-heat shrink technologies; cable arc and fire resistant tapes; heat shrinkable tubing and molded mold 1 n. 1. A hollow form or matrix for shaping a fluid or plastic substance. 2. A frame or model around or on which something is formed or shaped. 3. Something that is made in or shaped on a mold. shapes for electrical insulation Electrical insulation A nonconducting material that provides electric isolation of two parts at different voltages. To accomplish this, an insulator must meet two primary requirements: it must have an electrical resistivity and a dielectric strength ; electrical wire connectors; wire terminals, tools, lugs and connectors; wire marking products; cable ties; underground/underwater electrical system products; and electrical diagnostic and detection products. 3M is a diversified diversified (di·verˑ·s manufacturing company with annual sales in 1996 of $14.2 billion. It has operations in 60-plus countries and employs more than 70,000 people worldwide. Headquartered in 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 is a manufacturer of a wide variety of products serving industrial, commercial and consumer markets. President Clinton presented 3M with the 1995 National Medal of Technology for innovative technological achievements. Read more about 3M at our Web site: www.mmm.com . -0- Note to Editors: 3M is a trademark of 3M company. CONTACT: 3M, Austin Matt Fagan, 512/984-3277 Fax: 512/984-3369 E-mail: mpfagan@mmm.com Please do not print name or numbers. |
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