Posted March 8, 2010
3M to acquire MTI PolyFab
3M announced it has entered into a definitive agreement to acquire MTI PolyFab Inc., a manufacturer of thermal and acoustic insulation for the aerospace industry.
MTI PolyFab designs and manufactures a light-weight thermal and acoustic insulation system for a wide variety of aerospace customers to address unwanted airborne and structure-borne noise in aircraft. The combination of MTI PolyFab products with those of 3M's wholly-owned subsidiary, Aearo Technologies LLC, will provide a comprehensive range of solutions to the aerospace industry, according to a 3M prepared statement. Aearo offers high-performance soundproofing for noise and vibration control to enhance cabin comfort through its E-A-R brand thermal acoustic systems.
“The addition of MTI PolyFab complements and builds on our thermal acoustic and vibration damping portfolio for aircraft manufacturers and will allow us to expand into adjacent aerospace segments,” said Denise Rutherford, general manager, 3M Aerospace and Aircraft Maintenance Department.
MTI PolyFab employs approximately 130 people and has operations in Canada, Brazil and Germany. The transaction is expected to close in the second quarter, subject to customary closing conditions.
