Gettin’ sticky wit it: Big tape brand 3M buys big bandage brand Acelity in a $6.7B deal

Office supply company 3M to acquire wound care company Acelity in a $6.7B deal.


May 3, 2019

Office supply giant 3M — AKA the official sponsor of the 9-to-5 grind — has agreed to buy Acelity, a San Antonio-based wound-care products company (bandages, etc.), for a total enterprise value of about $6.7B.

3M is more than tape and sticky notes

When you think of 3M, you think Scotch Tape and Post-It notes. But the company’s health-care wing accounts for 18% of its $32B in annual revenue.

With revenue of almost $1.5B in 2018 and EBITDA of $441m, Acelity is expected to complement 3M’s health-care business nicely, as the St. Paul, MN, operation aims to have its health-care segment generate annual revenue of $7B.

Daily briefings, straight to your inbox

Business and tech news in 5 minutes or less

Join over 1 million people who read The Hustle

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.