About This Deal

3M Company acquired General Industrial Diamond Company Inc., a transaction announced in February 2006, structured as Acquisition (terms not disclosed).

General Industrial Diamond Company Inc. operates in Industrial (Abrasive Systems), is based in United States. General Industrial Diamond Company, with facilities in New Jersey and Colorado (about 100 employees), manufactures superabrasive grinding wheels, dressing tools and machines used to dimension and finish hard-to-grind materials such as ceramics, thermal-spray coatings, stone, glass and carbides. Its bonded superabrasives broadened 3M's superabrasives platform.

Combines 3M's flexible diamond/CBN abrasives with bonded superabrasives to serve hard-to-grind material finishing.

Deal Terms

Acquirer
3M Company
Target
General Industrial Diamond Company Inc.
Value
Not disclosed
Date
February 2006
Type
Acquisition
Status
Official-source - no SEC filing

Transaction Details

Target HQ
United States
Segment
Industrial (Abrasive Systems)
Structure
Acquisition (terms not disclosed)
Announced
February 28, 2006

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

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