3M to Acquire Emtech Emulsion Technologies, Inc.Business Editors & Technology/Manufacturing Writers 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.--(BUSINESS WIRE)--June 18, 2002 3M and Emtech Emulsion emulsion: see colloid. emulsion Mixture of two or more liquids in which one is dispersed in the other as microscopic or ultramicroscopic droplets (see colloid). Emulsions are stabilized by agents (emulsifiers) that (e.g. Technologies, Inc., announced today an agreement to combine Emtech and 3M's label business into a single 3M operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . As part of the agreement, 3M will acquire the assets of Emtech. Terms of the agreement were not disclosed. "We're excited to join forces with a premier company like Emtech -- a company known for its high-quality products and superior customer service," said Jim Mahan, division vice president, 3M Engineered Adhesives Division. "3M has a solid reputation for providing innovative adhesive adhesive, substance capable of sticking to surfaces of other substances and bonding them to one another. The term adhesive cement is sometimes used in place of adhesive, especially when referring to a synthetic adhesive. and label solutions to customers worldwide. This deal will strengthen our ability to meet customers' needs by significantly expanding our line of products and services for the label and converting industry." "This is a great move for our customers and our people," said, Greg Lampe, president, Emtech. "Our people and products will benefit tremendously from 3M's strong brand name, unmatched technology base and worldwide presence." This acquisition, subject to normal closing conditions, including regulatory approvals, is expected to close in mid-July. About Emtech Emulsion Technologies, Inc. Emtech Emulsion Technologies, Inc., is a $40 million company with approximately 95 employees. Headquartered in Medina, Ohio Medina [məˈdaɪnə] is a city in Medina County, Ohio, United States. The population was 25,139 at the 2000 census. The 2004 projected population was estimated at 28,536. , Emtech is a leader in high-performance emulsion adhesive technology and is recognized for its innovative, high-performance film label materials used primarily in the automotive, security and consumer products markets. Founded in 1986, Emtech has established a strong presence in the U.S. market with a business model based on custom product design and excellent customer service. Additional information about the company is available on the Internet at www.emtechfilms.com. About 3M 3M is a $16 billion diversified diversified (di·verˑ·s technology company with leading positions in health care, safety, electronics, telecommunications, industrial, consumer and office, and other markets. Headquartered in St. Paul, Minnesota, the company has operations in more than 60 countries and serves customers in nearly 200 countries. 3M businesses share technologies, manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , brands, marketing channels and other important resources. 3M, which marks its 100th anniversary this year, is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and also is a component of the Standard & Poor's 500 Index. For more information about 3M go to www.3M.com or www.3M.com/profile/pressbox/index.jhtml. |
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