Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

D+D News

Main News Page


3M to Acquire Tape Business of Taiwan-Based Company

Tuesday, October 19, 2010

Comment | More

3M Company announced a definitive agreement to acquire the tape-related assets of Alpha Beta Enterprise Company Ltd., a manufacturer of box sealing tape and masking tape based in Taipei, Taiwan.

3M said Alpha Beta has steadily expanded its market reach, and “is recognized around the world as one of the leading manufacturers of general-purpose box sealing and masking tapes.” The business employs approximately 290 people, with headquarters in Taipei and manufacturing operations in Kuan-Yin.

The transaction is expected to be completed in the first quarter 2011, subject to customary closing conditions and regulatory approvals. Upon completion of the transaction, the Alpha Beta Tape Business will become a part of the 3M Industrial Adhesives and Tapes Division’s Global Tapes and Adhesives (GTA) business unit.

Patrick Deconinck, vice president and general manager, 3M Industrial Adhesives and Tapes Division, said the acquisition “further demonstrates our commitment as a leader in pressure-sensitive tapes.” George Chao, managing director, 3M Taiwan, said the deal expands the company’s manufacturing footprint in Asia-Pacific region and its high-volume masking and packaging-tapes product line.

   

Tagged categories: 3M; Acquisitions; Mergers

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
World of Concrete
 
WOC 2018 – Las Vegas, NV
 
Visit the WOC website for more details about the World of Concrete 2018: January 23-26; Seminars 22-26 at the Las Vegas Convention Center in Las Vegas, NV, USA.
 

 
Digital Facilities Corporation
 
Manage Commercial Roofing Inventories with
FM-Pro
 
FM-Pro™ is designed with a comprehensive roof asset module to inventory and manage Commercial Roofing Systems, including system details, and is suited for building owners, roofing service providers, consultants, and product suppliers.
 

 
International Roofing Expo
 
IRE 2018
 
Attend the IRE where exhibitors and education offer serious solutions, real results and opportunities to make powerful connections. Register for FREE Expo.
 

 
PPG Paints
 
PPG PAINTS™ SPEEDHIDE® INTERIOR LATEX
 
This high-hiding, low-VOC, low-odor paint enables a space to be painted while occupied and delivers the durable product performance professionals require.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2018, Technology Publishing Co., All rights reserved