3M, the multinational conglomerate best known for its adhesives brands including sellotape, has entered into a definitive agreement with Polypore International to acquire the latter's Separations Media business for $1bn.
Polypore’s Separations Media business makes microporous membranes and modules for filtration in the life sciences, industrial and specialty segments with annual sales of $210m. In a separate transaction, Japanese chemical company, Asahi Kasei, has announced it is to acquire Polypore’s Energy Storage business. Both transactions are subject to regulatory approvals and are conditioned on 3M’s transaction with Polypore closing…
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