American innovation and manufacturing company 3M Co announced the purchase of the company Arizant Inc.. 3M, which produces tens of thousands of products, has recently made several transactions, indicating its intention to expand the scope of its activities, in particular, to strengthen its presence in the market of goods for the medical industry. The amount of the transaction, according to preliminary reports, will be 810 million US dollars. The deal is expected to be completed by the end of 2010.
Company Arizant Inc.owned by an investment company Court Square Capital, specializes in the manufacture of special blankets used in the care of patients in surgical and intensive care units. Blankets are called Bair Hugger. These products provide the ability to change the temperature depending on the needs of the patient, as well as maintain the body temperature of the patient under anesthesia.
The planned annual income of the company will be 200 million US dollars. After the share deal was announced Arizant Inc. increased in price by 1 percent, which amounted to 84 cents.