3M buying Capital Safety from KKR for $1.8B
June 23, 2015 By Manufacturing AUTOMATION
Jun. 23, 2015 – 3M has announced it is buying safety equipment maker Capital Safety from KKR for about $1.8 billion as demand for protective gear grows. The transaction also includes approximately $700 million in debt.
The deal is expected to close in the third quarter.
Capital Safety’s equipment is sold under brands including DBI-SALA and PROTECTA.
— With files from The Associated Press