3M completes the acquisition of CIM specialist Ceradyne
3M completed its acquisition of Technical ceramics and Ceramic Injection Moulding (CIM) specialist Ceradyne, Inc., headquartered in Costa Mesa, California, USA, on November 28, 2012. The completion follows 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, it is stated, 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 materials for lightweight solutions and materials for performance in harsh environments to customers in a broad array of growth industries.
Ceradyne Inc. develops and manufactures advanced technical ceramic products and components for the defence, industrial, nuclear power, oil and gas, solar energy, electronic, automotive/transportation and medical markets.
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