trending Market Intelligence /marketintelligence/en/news-insights/trending/P_7ctOU2AQ2BIpspgWOAQQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

3M to sell ballistic-protection business to Avon Rubber

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

3M to sell ballistic-protection business to Avon Rubber

3M Co. agreed to sell its advanced ballistic-protection business to Avon Rubber PLC for $91 million.

A further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders, according to the company. The disposal is part of 3M's ongoing portfolio management, allowing the company to focus on other businesses within its advanced materials unit.

The assets to be divested consist of ballistic helmets, body armor, flat armor and related helmet-attachment products for government and law enforcement. The business has annual global sales of approximately $85 million.

The deal is anticipated to be completed in late 2019 or early 2020.

3M expects the EPS impact of the transaction to be neutral.

William Blair acted as financial adviser to 3M.