3M completes MTI PolyFab acquisition
Manufacturing conglomerate 3M Co. said Friday it completed the acquisition of MTI PolyFab Inc., a Canadian manufacturer of noise and vibration reduction technology for airplanes.
The $24 million deal was announced in March.
3M said MTI PolyFab products will complement those of its subsidiary Aearo Technologies LLC and will provide a comprehensive range of solutions for the aerospace industry.
Shares of the company rose 39 cents to $77.82 in midday trading.