3M buying Capital Safety from KKR for about $1.8 billion

Published 9:51 am Tuesday, June 23, 2015

ST. PAUL — 3M is buying safety equipment maker Capital Safety from KKR for about $1.8 billion as demand for protective gear grows.

The transaction also includes approximately $700 million in debt.

3M Co. said Tuesday that increasing demand for worker safety in developing countries is driving sales of equipment.

Email newsletter signup