Private Industrial Holding Company
Appears in 1 story
Selling Madison Fire & Rescue division
3M bought its Scott Safety breathing-apparatus business for $2 billion in 2017. Nine years later, it's merging the unit with rescue-tool maker Madison Fire & Rescue in a $1.95 billion joint venture with Bain Capital, keeping 50.1% ownership and getting $700 million in cash. The new entity will sell breathing gear, hydraulic rescue tools, suppression nozzles, and portable wildland pumps under brands like Holmatro, Task Force Tips, and Waterax.
Updated May 30
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
