3M Completes Acquisition of Ceradyne
3M has completed its acquisition of Ceradyne, Inc. pursuant to the previously announced merger agreement among Ceradyne, 3M, and 3M’s wholly owned subsidiary, Cyborg Acquisition Corporation, through the merger of Cyborg Acquisition Corporation with and into Ceradyne.
As a result of the merger, Ceradyne is now a wholly owned subsidiary of 3M. The combination of Ceradyne and 3M will enable new technologies and innovation for uniquely tailored materials requiring advanced ceramics. Ceradyne will join the 3M Advanced Materials Division within 3M’s Industrial Business Group. The 3M Advanced Materials Division provides valued materials for lightweight solutions and materials for performance in harsh environments to customers in a broad array of growth industries. (12/2012)