Business News
3M Acquires ACE Product Line from BD
Friday 24. July 2009 - Acquisition Broadens 3Ms Consumer Business
3M today announced that it recently acquired the ACE branded (and related brands) elastic bandage and supports product lines and thermometer product line from BD (Becton, Dickinson and Company). Terms of the transaction were not disclosed.
The foundation of the ACE brand dates back to 1914 when BD began manufacturing elastic bandages in the United States. ACE brand products are designed with the latest materials and techniques to help provide consumers the optimal support they need while assuring proper fit, comfort, and value. ACE products are sold broadly through consumer channels, including drug stores, mass merchandisers, grocers and sporting goods stores in North America. BD branded thermometers are also sold broadly through consumer channels, including drug stores, mass merchandiser and grocers.
“ACE is a great extension of our consumer products portfolio,” said Dr. Gabi Sabongi, vice president, R&D and New Business Ventures of 3M Consumer and Office Business. “ACE brings to our company an iconic brand with admirable consumer loyalty. ACE and its related brands also broaden our channels for consumer products, including the sporting goods channel.”