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[August 2005]
3M Acquires Filtration Company
3M (St Paul, MN, USA) completed its acquisition of CUNO Inc after CUNO's shareholders voted in favour of the all cash transaction for US$72 per share in a special shareholders meeting.
CUNO designs, manufactures and markets a comprehensive line of filtration products for the separation, clarification and purification of fluids and gases. 3M and CUNO expect to take advantage of CUNO's expertise in liquid filtration and 3M's complementary capabilities in air filtration, along with its broad presence in markets where demand for filtration solutions is growing.
CUNO operates manufacturing facilities in the USA, Brazil, Mexico, France, Japan, Australia and China and has sales offices throughout the world.
ENDS