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[June 2007]
3M Acquires Diamond Productions Inc
3M (St Paul, MN, USA) has announced that it has acquired Diamond Productions Inc (Wayne, NJ, USA), a manufacturer of superabrasive diamond and CBN (cubic boron nitride) wheels and tools for dimensioning and finishing hard-to-grind materials. Terms of the transaction were not disclosed.Diamond Productions Inc (DPI) brings industrial metalworking strengths as well as new applications for stone processing to 3M's strong offering of grinding and finishing tools for the industrial and commercial markets. The combination of 3M and DPI expands the capabilities for dimensioning hard-to-grind materials to include stone, marble and concrete. The addition of DPI's metal, resin and vitrified superabrasives enhances 3M's cutting and grinding capabilities for such things as kitchen countertops, monuments and structural granite as well as difficult to grind carbides, ceramics and glass.
“This acquisition expands 3M's superabrasives business into new areas for 3M like the industrial stone industry,” said Chris Holmes, Vice President, 3M Abrasive Systems Division. “Adding DPI's bonded superabrasives enhances our existing product line and enables 3M to provide even more products for manufacturing process improvements by our customers.”
3M Abrasive Systems Division is 3M's 'heritage business' upon which the company was founded in 1902. 3M's brands are recognised around the world, making the company a leading abrasives supplier to manufacturers of medical, electronics, aerospace, automotive and thousands of other products.
Diamond Productions Inc was founded in 1952 by Andrew and Dorothy Labowsky. DPI has manufactured superabrasive products for the carbide, ceramics and stone fabrication industries for more than 55 years. Its 30,000 square foot headquarters in Wayne, New Jersey is a state-of-the-art diamond wheel and tool manufacturing facility.
ENDS