Flexible Electronics News

3M to Sell Static Control Business to Desco Industries

Has annual global sales of approximately $45 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

3M announced that it has signed an agreement with Desco Industries, Inc. for Desco to purchase the assets of 3M’s global Static Control business. 3M’s Static Control business is a provider of products and solutions that help prevent, detect, and protect against Electrostatic Discharge (ESD) events. The transaction is expected to close during the first quarter of 2015 after the successful completion of Desco’s financing and is subject to customary closing conditions. Terms of the transaction were...

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