3M Company acquired Advanced Chemistry & Technology Inc. (AC TECH), a transaction announced in June 2011, structured as Acquisition (terms not disclosed).
Advanced Chemistry & Technology Inc. (AC TECH) operates in Industrial (Aerospace & Aircraft Maintenance), is based in United States. AC TECH manufactures quick-cure, light-weight polysulfide sealants for aerospace applications used to prevent corrosion, seal critical gaps and protect against foreign object debris. The acquisition expanded 3M's aerospace materials offering for manufacturing and maintenance of commercial and military aircraft.
Complements 3M's aerospace materials as demand for aircraft sealants grows with new aircraft platforms.
Advisory firms were not disclosed for this transaction.