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Monday, June 20, 2011

3M to Acquire Advanced Chemistry & Technology Inc.

3M apprised that it has entered into an agreement to acquire Advanced Chemistry & Technology Inc. (AC TECH), a manufacturer of quick cure, light-weight polysulfide sealants for aerospace applications. Terms of the transaction were not disclosed.

“The combined portfolio expands our value-added solutions offering to our customers, supporting their efforts to produce lighter, safer aircraft components and structures in a faster, more cost-effective manner. AC TECH and 3M working together will better serve customers in the aerospace industry.”

The launch of new aircraft platforms is expected to contribute to strong growth and demand for aerospace sealants over the next several years. Aircraft sealants are used to prevent corrosion, seal critical gaps, and protect from foreign object debris. AC TECH’s range of fast-curing polysulfide sealants is highly complementary to 3M's aerospace material offerings and custom engineered solutions.

“The addition of AC TECH expands 3M’s product presence in the aerospace market for the manufacture and maintenance of commercial and military aircraft,” said Denise Rutherford, general manager, 3M Aerospace and Aircraft Maintenance Department. “The combined portfolio expands our value-added solutions offering to our customers, supporting their efforts to produce lighter, safer aircraft components and structures in a faster, more cost-effective manner. AC TECH and 3M working together will better serve customers in the aerospace industry.”

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