July 2, 2008 - Modern Distribution Management

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July 2, 2008

3M Acquires K&H Surface Technologies

Companies, Finance, Free, Mergers & Acquisitions, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors /

3M, St. Paul, MN, has acquired K&H Surface Technologies Pty. Ltd., an Australia-based manufacturing company specializing in repair products for the professional and do-it-yourself automotive refinish markets.

K&H brings its surface preparation and auto retail products, body fillers and mold release agents to 3M’s full-line of auto body repair products for the automotive aftermarket, which includes products and brands from the 2007 acquisition of Bondo Corp.

3M’s Automotive Aftermarket Division products include abrasives and accessories, masking tapes, panel bonding adhesives, general adhesives coatings and sealers, paint finishing polishes and compounds, and paint application systems.

K&H Surface Technologies employs about 60 people at its …

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Border States Says ESOP Has Helped in Tough Economic Climate

Economic Trends, Electrical, Free, Management, Research & Analytics, Strategy, Subscriber Only, Top Distributor Sectors /

If you read our recent article about Employee Stock Ownership Programs, you know that there are a number of benefits that come from the difference in working culture. Border States Electric Supply, Fargo, ND, an ESOP, has seen that culture work in its favor in the recent economic turmoil many sectors are facing.
 
Our employees see the media reports, talk with our vendors and customers, watch the stock market and are tuned into the housing market/mortgage meltdown and volatile commodity markets,”CEO Tammy J. Miller told MDM recently. “As owners, they take action to minimize the impact of an economic downturn on Border States.”
 
With more than 1,000 employees, Border States has a lot of people working to make sure their company succeeds. Border States introduced its …

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Border States Says ESOP Has Helped in Tough Economic Climate Read More »

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