Manufacturing AUTOMATION

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3M buying Capital Safety from KKR for $1.8B


June 23, 2015
By Manufacturing AUTOMATION

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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

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