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3M Divests Ballistic-Protection Business for $91 Million

August 12, 2019 3M Divests Ballistic-Protection Business for $91 Million

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3M has entered into an agreement to divest its advanced ballistic-protection business to Avon Rubber p.l.c. for US$91 million.

Per the terms of the deal, more than 280 employees of 3M’s ballistic-protection division will transfer to Avon Rubber. The transaction is expected to close by early 2020, subject to customary regulatory and closing conditions.

About 3M
With global sales of US$33 billion, 3M is a leading producer of thousands of products ranging from chemicals, filtration systems, and safety and protection equipment to office, graphics, and health care equipment. For more information, visit www.3m.com.