3M Buying Capital Safety From KKR For About $1.8B

The transaction also includes approximately $700 million in debt.

Mnet 46219 3 M 0

3M is buying safety equipment maker Capital Safety from KKR for about $1.8 billion as demand for protective gear grows.

The transaction also includes approximately $700 million in debt.

3M Co., which makes Post-it notes and other products, said Tuesday that increasing demand for worker safety in developing countries is driving sales of equipment.

Capital Safety's equipment is sold under brands including DBI-SALA and PROTECTA.

The deal is expected to close in the third quarter.

3M is based in St. Paul, Minnesota. Capital Safety is based just outside of Minneapolis, in Bloomington.

More in Supply Chain