March 16 3M Co said on Thursday it would
buy Johnson Control International Plc's safety gear
business, Scott Safety, in deal with an enterprise value of $2
Scott Safety manufactures respiratory and protective
equipment and other safety products for firefighters, industrial
workers, police squads and the military.
The business had annual revenues of about $570 million in
2016, 3M said.
Johnson Controls, which manufactures products ranging from
car batteries to heating equipment, had been exploring a sale of
the business, Reuters had reported last week.
(Reporting by Arunima Banerjee in Bengaluru; Editing by Savio