#1
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business14h ago
3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety
- 3M and Bain Capital to acquire Madison Fire & Rescue for $1.95B and form a new joint venture co-owning the combined businesses.
- The new venture will integrate Scott Safety with Madison Fire & Rescue to expand safety offerings for firefighters and industrial workers.
- 3M says the deal broadens its safety portfolio and positions it for growth through scale and synergies.
- The closing is expected in the second half of 2026, subject to customary closing conditions.
- Madison Fire & Rescue offers a premier portfolio in rescue technology and fire suppression under brands like Holmatro and Waterax.
- 3M highlights its brands and technology strengths as part of the strategic rationale for the deal.
- The deal involves Bain Capital taking a near-equal stake in the new joint venture alongside 3M and Madison Fire & Rescue.
- The press release cautions that forward-looking statements involve risks and uncertainties, including closing timing and integration challenges.
- 3M emphasizes its ongoing investment in innovations and the use of its News Center and social channels for updates.
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