St Paul, Minnesota - US adhesives group 3M announced 22 July that it will extend its product range by buying two makers of polyurethane-based structural adhesives and sealants - EMFI SA and SAPO SA, which are headquartered in Haguenau, France.
Various regulatory approvals are needed. 3M gave no financial details of the transaction, which is expected to be completed in the fourth quarter.
According to 3M, EMFI/SAPO's high-performance adhesives and sealants complement the US group's Industrial Adhesives and Tapes Division's core industrial adhesives products. They also "provide access to the fast-growing polyurethane-based structural adhesives and sealants market segment," said 3M's statement.
"In addition to EMFI/SAPO's polyurethane structural adhesive and sealant platform, this acquisition brings technical know-how, and a unique manufacturing process to 3M that will accelerate growth and allow us to deliver a broader offering to our customers globally," said Patrick Deconinck, vice president and general manager, 3M Industrial Adhesives and Tapes Division, in the company statement.
"EMFI/SAPO and 3M are a natural fit," said Jean Luc Mendler, president, EMFI/SAPO, who will remain in this role. He pointed out that, "3M's expertise in adhesives, technical resources, and global customer access will help us to continue to grow our business." The French companies currently employ about 350 people.
Polyurethane structural adhesives and sealants are key materials in building and infrastructure construction, wood floors, structural assembly, as well as in automotive aftermarket, truck, marine, speciality vehicle and rail assembly uses, said the announcement.
"We also see strong sales synergies with EMFI/SAPO that will help us to better serve customers in France and across Europe," added Bernard Cicut, managing director of 3M in France.