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Announced

Selic to acquire Neoplast and Neobun brands and related assets of 3M.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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plaster

Friendly

medical tapes

Domestic

Majority

Medical Supplies

Pending

Disposal

Thailand

Acquisition

Private

Single Bidder

cohesive bandages

Synopsis

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Selic, an adhesive manufacturer, agreed to acquire sports and medical tapes, bandages and medicated products brands Neoplast and Neobun and related assets of 3M, an adhesive manufacturer. FInancial terms were not disclosed. "3M continues to relentlessly prioritize investments that leverage 3M's technologies in advanced wound care solutions under the Nexcare brand in skin health and wellness for the consumer. We will continue to invest in health and safety for our Asia customers and those around the world," Megan Selby, 3M President.

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