Home reports Industry 3M sells its Ballistic Protection division

3m-ballistic-helmet-f70 — This is where 3M had previously manufactured ballistic helmets, armor plates and related helmet attachment products. (Photo: 3M)

3M sells its Ballistic Protection division

August 12, 2019

3M announced today that it has sold its US ballistic protection business (3M Ceradyne) to Avon Rubber plc for approximately $91 million, subject to closing and other adjustments. An additional contingent consideration of up to $25 million is payable subject to the outcome of outstanding tenders. Avon Rubber is a provider of advanced chemical, biological, radiological and nuclear respiratory protection systems to military, law enforcement and firefighting customers.

Im Rahmen des laufenden Portfoliomanagements hat 3M beschlossen sich von diesem Geschäftsbereich zu trennen und sich auf andere Bereiche innerhalb der Advanced Materials Division zu konzentrieren. Hier hatte 3M bisher ballistische Helme, Schutzplatten und verwandte Helmbefestigungsprodukte hergestellt. Die Transaktion wird voraussichtlich Ende 2019 oder Anfang 2020 abgeschlossen sein.

The sale relates to the development and production of ballistic helmets, insert plates and aircraft armor. Everything was made in the USA and subject to theITAR Guidelines.

The Germany-based branch 3M Technical Ceramics with the raw stop production (B4C) in Kempten remains part of 3M. According to a 3M spokesman, the supply of partner companies with raw materials, ceramic plates for ballistic protective vests or vehicle/aircraft protection in Germany, which also supply products to the Bundeswehr, should remain unaffected.

Andre Forkert

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