3M Completes Acquisition of E Wood Holdings
By Kerry Pianoforte
3M has completed its acquisition of E Wood Holdings PLC, a North Yorkshire, UK-based manufacturer of protective coatings for the oil, gas, water, rail and automotive industries. This acquisition provides 3M enhanced access to key markets, including the rehabilitation of existing oil and gas pipelines. "E Wood's expertise in liquids technologies for pipes and rehabilitation coatings for existing pipes in oil, gas and water markets complements 3M's core corrosion protection product offering of external powder coatings for new oil and gas pipelines," said Richard Scott, general manager, 3M Corrosion Protection Products. E Wood sells high-performance coatings under the "Copon" brand. Its "Thortex" and "Thistlebond" brands include a range of industrial maintenance products for the protection of buildings and machinery equipment operating in industrial and marine environments.
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