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.
Advisory firms were not disclosed for this transaction.