3M to Acquire Nylonge Corp.; Acquisition Expands Manufacturing Capabilities for 3M's Global Cleaning Tools Businesses.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 has entered into a definitive agreement to acquire Nylonge Corp., a global provider of household cleaning products including cellulose cellulose, chief constituent of the cell walls of plants. Chemically, it is a carbohydrate that is a high molecular weight polysaccharide. Raw cotton is composed of 91% pure cellulose; other important natural sources are flax, hemp, jute, straw, and wood. sponges, scrub sponges and household wipes. Terms of the transaction were not disclosed. This acquisition expands 3M's global manufacturing capabilities adding another source of supply to continue building its global cleaning tools businesses. "Nylonge complements 3M's well-known line of cleaning tools including scrub sponges, scour scour, scours 1. the chemical and physical cleaning of fleece wool. 2. diarrhea. dietetic scour see dietary diarrhea. peat scour see secondary nutritional copper deficiency. pads, mops and household wipes," said Andy Naber, division vice president, 3M Home Care Division. "In addition to its Elyria, Ohio-based facility, Nylonge's global distribution complements 3M's 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. , broadening our worldwide reach." Nylonge's line of products includes cellulose sponges, scrub sponges, sponge block, sponge cloth, dust cloths and vinyl gloves. Complementary acquisitions such as this support 3M's core business. For over 40 years 3M has helped consumers clean with Scotch-Brite and O-Cel-O brand cleaning products. "We see strong technical synergies and manufacturing capabilities with 3M," said George Hrabik, president, Nylonge. "Together we will expand the businesses beyond the current customer base." Nylonge employs approximately 200 people at its operations in Elyria. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions. About 3M - A Global, Diversified diversified (di·verˑ·s 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 scotch 1 tr.v. scotched, scotch·ing, scotch·es 1. To put an abrupt end to: The prime minister scotched the rumors of her illness with a public appearance. 2. , Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries 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, Vikuiti and O-Cel-O are trademarks of 3M. |
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