3M Purchases Venture Tape

This week, the 3M Company in St. Paul, Minn., announced that it has purchased Rockland, Mass.-based Venture Tape. The terms of the sale were not disclosed.

3M says the acquisition will expand its product offerings in the area of glazing tapes.

"This acquisition broadens our pressure-sensitive adhesive tape platform, brings new channels to 3M and allows us to expand into adjacent markets such as construction," says Patrick Deconinck, division vice president, 3M Industrial Adhesives and Tapes Division. "Venture Tape has a strong customer-centric business model, which, combined with our lean manufacturing practices, technologies and global coverage, will broaden and improve our offering to customers."

Venture Tape president Lewis Cohen says the sale also will benefit Venture.

"We see tremendous opportunities to continue to build our business by drawing on the strength of 3M's resources and technical capabilities," said Cohen.

Both companies exhibited at GlassBuild America in Atlanta this week.

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