3M sells gas and flame detection business @ProcessingTalk

3M HAS announced it has received a binding offer from Teledyne Technologies Incorporated, to purchase 3M’s gas and flame detection business for USD230m, subject to closing and other adjustments.

Teledyne is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. The gas and flame detection business is part of 3M’s Personal Safety Division.

The business is a leader in fixed and portable gas and flame detection with products sold under the Oldham, GMI, Detcon, Simtronics and Scott Safety brand names. 3M will retain the Scott Safety brand name, which is not included in the transaction. 3M’s gas and flame detection business has annual global sales of approximately $120 million.

“After completing a thorough strategic review, we plan to divest the gas and flame detection business to focus on the other businesses within our personal safety portfolio,” said Bernard Cicut, vice president, Personal Safety Division. “Our employees have done an outstanding job and we thank them for their dedication to this business.”

3M’s Personal Safety Division is focused on applying 3M science to improve the health, safety and productivity of workers all over the world. The business is a global leader in providing Personal Protective Equipment and solutions to a wide array of industries including manufacturing, construction, oil and gas, mining, utilities, defense, healthcare, and the fire service. 3M Personal Safety offers an extensive product line which includes respirators, self-contained breathing apparatus, hearing protection, fall protection, reflective materials and head, eye, and face protection.

Approximately 500 employees who primarily support the gas and flame detection business are expected to join Teledyne upon completion of the sale.

The transaction is expected to be completed in the second half of 2019, subject to customary closing conditions and regulatory approvals, while 3M’s acceptance of the binding offer is subject to the completion of consultation and information requirements with relevant works councils.

3M expects to record a gain of approximately $0.20 per diluted share from this divestiture.

 

Advertisements

Emerson acquires Spectrex

Emerson Process Management has announced the acquisition of Spectrex Inc, a leading US-based manufacturer of flame and open path gas detectors. With this addition, Emerson will have the most comprehensive line of flame, gas and ultrasonic leak detector solutions used for safety monitoring in the industry.

Spectrex will join the Rosemount portfolio of measurement and analytical technologies, joining the capabilities already available with the gas leak detection systems acquired in Groveley Detection (nickdenbow.wordpress.com/2013/06/24/1345/) in June 2013.

For nearly 34 years, Spectrex has been the leader in flame and open path gas detection. It developed the world’s first ultraviolet-infrared (UV/IR) and triple infrared (IR3) flame detectors and was first to introduce xenon flash lamps in open path detector design, increasing detectors’ resilience to atmospheric conditions while reducing power consumption. These innovative advancements in safety monitoring provide a powerful solution for customers in the oil and gas, petrochemical, chemical and power industries.

“We are very excited about adding the Spectrex product line to our flame and gas detection portfolio,” said Tom Moser, group vice president of Emerson Process Management’s measurement and analytical technologies. “Emerson is committed to helping our customers protect their employees, facilities, and the environment, and we are now better positioned to serve that need.”

Spectrex and its staff are located in Cedar Grove, New Jersey, with sales and technical support offices in Houston, the United Kingdom and Taiwan.

Editor’s note: I tried to launch the UK sales of the first UV/IR detection system ever developed (so I was told at the time) which was made by Armtec in New Hampshire. That was in about 1983. Maybe Spectrex bought up Armtec? All inputs will be welcomed!