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Purchased identifiable finite-lived intangible assets related to acquisition activity in 2012 totaled $213 million. The
associated finite-lived intangible assets acquired in 2012 will be amortized generally on a straight-line basis over a
weighted-average life of 12 years (lives ranging from two to 20 years). Acquired in-process research and development
and identifiable intangible assets for which significant assumed renewals or extensions of underlying arrangements
impacted the determination of their useful lives were not material.
2011 acquisitions:
During 2011, 3M completed nine business combinations. The purchase price paid for these business combinations (net of
cash acquired) and the impact of other matters (net) during 2011 aggregated to $649 million.
(1) In January 2011, 3M (Industrial and Transportation Business) purchased certain assets of Nida-Core Corp., a
manufacturer of structural honeycomb core and fiber-reinforced foam core materials based in Port St. Lucie, Florida.
(2) In February 2011, 3M (Industrial and Transportation Business) announced that it completed its acquisition of all of the
outstanding shares of Alpha Beta Enterprise Co. Ltd., a manufacturer of box sealing tape and masking tape
headquartered in Taipei, Taiwan.
(3) In February 2011, 3M (Consumer and Office Business) purchased all of the outstanding shares of Hybrivet Systems
Inc., a provider of instant-read products to detect lead and other contaminants and toxins, which is based in Natick,
Massachusetts.
(4) In early March 2011, 3M (Industrial and Transportation Business) acquired a controlling interest in Winterthur via
completion of a public tender offer. Winterthur, based in Zug, Switzerland, is a leading global supplier of precision grinding
technology serving customers in the area of hard-to-grind precision applications in industrial, automotive, aircraft and
cutting tools. As of the settlement date of the tendered shares (the business acquisition date), 3M owned approximately
86 percent of Winterthur shares via the tender and previous open market share purchases. The purchase price paid in the
preceding table includes non-cash consideration of $10 million representing the business acquisition date fair value of
shares previously owned by 3M as of December 31, 2010 and cash consideration paid, net of cash acquired, of $293
million for subsequently tendered and open market purchased shares through the business acquisition date. Following the
business acquisition date, 3M purchased the remaining outstanding shares of its consolidated Winterthur subsidiary,
increasing 3M’s ownership interest to 100 percent as of December 31, 2011 as discussed in Note 5.
(5) In April 2011, 3M (Electro and Communications Business) purchased all of the outstanding shares of AP&T Co. Ltd.,
based in Korea, which provides advanced sputtering and plating services, materials and manufacturing capabilities for
flexible circuits for the mobile hand-held, touch-screen panel and display markets.
(6) In April 2011, 3M (Display and Graphics Business) purchased all of the outstanding shares of Original Wraps Inc., a
company specializing in the creative business development, technology and design of personalization platforms for
vehicles and vehicle accessories, which is based in Golden, Colorado.
(7) In July 2011, 3M (Industrial and Transportation Business) purchased all of the outstanding shares of Advanced
Chemistry & Technology Inc., a manufacturer of quick-cure, light-weight polysulfide sealants for aerospace applications,
which is based in Garden Grove, California.
(8) In July 2011, 3M (Industrial and Transportation Business) purchased certain assets of Piranha Plastics LLC, based in
Santa Clara, California, which provides plastic molding and paint solutions to the automotive aftermarket.
(9) In October 2011, 3M (Consumer and Office Business) acquired the do-it-yourself and professional business of GPI
Group. GPI, headquartered in France, is a manufacturer and marketer of home improvement products such as tapes,
hooks, insulation, and floor protection products and accessories.
Purchased identifiable finite-lived intangible assets related to acquisition activity in 2011 totaled $342 million. The
associated finite-lived intangible assets acquired in 2011 will be amortized generally on a straight-line basis over a
weighted-average life of 14 years (lives ranging from three to 20 years). Acquired identifiable intangible assets for which
significant assumed renewals or extensions of underlying arrangements impacted the determination of their useful lives
were not material.
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