Feb 2 2007
3M announced today it has acquired the Rite-Lok global industrial adhesives product line from Chemence Inc., a specialty chemical company that manufactures a range of consumer and industrial adhesives. Terms of the transaction were not disclosed.
Complementary acquisitions such as this support 3M’s growth strategy to expand its core adhesives business. “The addition of Chemence’s industrial adhesives, sold under the Rite-Lok brand, broadens our robust industrial adhesives product portfolio,” said Patrick Deconinck, division vice president, Industrial Adhesives and Tapes Division. “The widely recognized Rite-Lok brand complements 3M’s product line and expands the depth and breadth of our offering in the area of specialty structural adhesives.”
The complete Rite-Lok brand product line includes anaerobic threadlockers, retaining compounds, gasket makers, thread sealants, structural adhesives, and specialty cyanoacrylate instant adhesives for industrial use such as metal bonding, plastics and rubber. The product line also includes high-temperature, low-odor industrial adhesives, and rubber-toughened flexible adhesives.
“I believe 3M’s expertise in adhesives technology and long history in the industry make it a natural fit to take this very successful brand to the next level and grow this business to its full potential,” said Peter Battisti, vice president, marketing, Chemence Inc.