3M to Acquire General Industrial Diamond (3/28/06)
March 28, 2006
3M has entered into a definitive agreement to acquire General Industrial Diamond Co. Inc. Terms of the transaction were not disclosed. "Adding General Industrial Diamond's bonded superabrasives enhances our existing product line and enables 3M to deliver cost reduction to our customers through manufacturing process improvements," said Rosa Miller, division vice president, 3M Abrasive Systems Division. "The combination of 3M's technology and global presence with General Industrial Diamond's strong product offering enables sales synergies and positions 3M as the premier source of engineered grinding and finishing solutions."