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Diversified manufacturer 3M, St. Paul, MN, has agreed to sell its temporary protective films business to Pregis LLC, Chicago, IL. Terms were not disclosed.
3M’s temporary protective films business, with annual global sales of $50 million, is a provider of adhesive-backed temporary protective films used in a broad range of industries, including automotive, appliance, metalworking, building and construction.
“Growth within the protective films category is very strategic to Pregis,” said Kevin Baudhuin, president and CEO, Pregis. “Purchasing 3M’s temporary protective films business allows us to accelerate our growth and bring the flexibility and high service levels of the Surface Guard protective films to a well-established customer base.”
Approximately 90 3M employees who primarily support 3M’s temporary protective films business in Conover, NC, and field-based employees are expected to join Pregis following the sale of the business.