3M rolls out its biggest deal: $6.7B to buy wound care company

3M Co.'s $6.7 billion purchase of wound care company Acelity Inc. will be the biggest acquisition in its history.

The Maplewood-based 3M, which makes everything from Post-it notes to safety equipment and films, said Thursday it is buying Acelity and its KCI subsidiaries from investment funds Apax Partners, Canada Pension Plan Investment Board and the Public Sector Pension Investment Board.

The deal includes the assumption of $2.4 billion of Acelity debt.

"Acelity is a recognized leading provider of advanced wound care technologies and solutions and an excellent complement to our Health Care business," said 3M CEO Mike Roman during a conference call with Wall Street analysts early Thursday. "With more than 3,000 patents, they are known for their innovation and ability to identify address un-met clinical needs."

Read more: http://www.startribune.com/3m-buying-global-wound-care-company-for-6-7b/509372261/