02.23.15
3M has entered into a definitive agreement to acquire Polypore’s Separations Media business for $1.0 billion. The business provides microporous membranes and modules for filtration in the life sciences, industrial and specialty segments, and had 12-month sales of $210 million as of September 2014.
Polypore’s Separations Media business expands 3M’s core filtration platform with technology, manufacturing, and global capabilities for high performance “ultra” filtration that membrane technology delivers, particularly in life sciences and biopharmaceutical segments.
“The combination of 3M and Polypore’s Separations Media business will help us to meet customers’ emerging needs for high-value filtration solutions,” said Michael F. Roman, executive vice president, 3M Industrial Business Group. “Together, we will be able to offer a broader array of products to both Polypore’s and 3M’s customers, which will accelerate the global growth of our membrane business.”
Separately, Asahi Kasei has entered into a definitive merger agreement to acquire Polypore’s Energy Storage business. Both transactions are subject to customary closing conditions.
Polypore’s Separations Media business expands 3M’s core filtration platform with technology, manufacturing, and global capabilities for high performance “ultra” filtration that membrane technology delivers, particularly in life sciences and biopharmaceutical segments.
“The combination of 3M and Polypore’s Separations Media business will help us to meet customers’ emerging needs for high-value filtration solutions,” said Michael F. Roman, executive vice president, 3M Industrial Business Group. “Together, we will be able to offer a broader array of products to both Polypore’s and 3M’s customers, which will accelerate the global growth of our membrane business.”
Separately, Asahi Kasei has entered into a definitive merger agreement to acquire Polypore’s Energy Storage business. Both transactions are subject to customary closing conditions.