Need Help? (888) 742-5060

In The News:

3M Agrees to Buy Swiss Abrasives Company

St. Paul, MN-based 3M (NYSE: MMM) has agreed to acquire Swiss manufacturer Winterthur. The transaction is valued at about US$448 million.

Winterthur manufactures precision grinding technology serving customers in hard-to-grind precision applications in industrial, automotive, aircraft, and cutting tools.

"Adding Winterthur enhances and extends our existing product line, enabling us to provide solutions for a broader range of industrial grinding and finishing needs," said Chris Holmes, vice president and general manager, 3M Abrasive Systems Division.

Winterthur employs 1,300 people with first six months 2010 sales of USD $114 million, up more than 30 percent over the same period last year.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center