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In The News:

3M Agrees to Buy Tape Business from Alpha Beta

3M, St. Paul, MN, has agreed to buy the tape-related assets of Alpha Beta Enterprise Co. Ltd., a manufacturer of box sealing tape and masking tape in Taipei, Taiwan.

Alpha Beta is recognized around the world as one of the top manufacturers of general purpose box sealing and masking tapes, according to 3M. The manufacturer sells in more than 62 countries.

“3M’s acquisition of Alpha Beta’s tape product line further demonstrates our commitment as a leader in pressure sensitive tapes, enabling 3M to increase its ability to provide products for customers who desire performance and value,” said Patrick Deconinck, vice president and general manager, 3M Industrial Adhesives and Tapes Division.

“This transaction also will allow us to increase our manufacturing footprint in the Asia Pacific region and expand 3M’s product line for high-volume masking and packaging tapes,” added George Chao, managing director, 3M Taiwan.

3M’s Industrial Adhesives and Tapes Division (IATD) offers products for bonding, protecting, masking, enhancing, shielding, damping, splicing, reinforcing, color coding, case sealing and more.

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