Deals
3M Inks Second-Biggest Deal in $2 Billion Scott Safety Purchase
- Deal comes amid weakness in consumer, electronics units
- Johnson sells business to focus on buildings and energy
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3M Co. agreed to buy Scott Safety from Johnson Controls International Plc in a $2 billion deal, forging another large purchase to bolster one of its central businesses.
The acquisition will add respiratory-protection products, thermal-imaging devices and other products for firefighters and industrial workers to 3M’s safety division, the company said Thursday in a statement. The move comes less than two years after 3M bought a safety business from KKR & Co. for $2.5 billion.