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Business/Financial

3M To Acquire Advanced Ceramics Product Developer Ceradyne

Defense Daily Staff

Tuesday, October 2nd, 2012

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3M Corp. [MMM] yesterday said it has agreed to acquire Ceradyne, Inc. [CRDN], a developer and manufacturer of advanced technical ceramic products including body armor for military customers, for $860 million. The deal will expand 3M’s business with the Defense Department but the company said the primary driver behind the acquisition is Ceradyne’s expertise in advanced ceramics, which it says will complement 3M’s ongoing design and development work in advanced materials and ceramics to create new technologies and products. 3M’s…

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