3M, St. Paul, MN, has agreed to acquire MTI PolyFab Inc., a manufacturer of thermal and acoustic insulation for the aerospace industry.
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MTI PolyFab designs and manufactures a light-weight thermal and acoustic insulation system for 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 range of solutions to the aerospace industry. Aearo offers 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 130 people and has operations in Canada, Brazil and Germany. The transaction is expected to close in the second quarter.
With $23 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 65 countries.
