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Diversified manufacturer 3M, St. Paul, MN, has agreed to acquire Capital Safety, Bloomington, MN, from KKR for $2.5 billion.
Capital Safety, with sales for the fiscal year ended March 31 of $430 million, is a manufacturer of fall protection equipment.
“Personal safety is a large and strategically important growth business in the 3M portfolio,” said Inge G. Thulin, 3M president and CEO. “The acquisition of Capital Safety bolsters our personal safety platform and will build on our fundamental strengths in technology, manufacturing, global capabilities and brand.”