3M to Acquire Ligacon AG, Filtration Supplier in Switzerland

ST. PAUL, Minn.--(Business Wire)--
3M announced today it has entered into a definitive agreement to
acquire Ligacon AG, a Switzerland-based manufacturer and supplier of
filtration systems and filter elements for the pharmaceutical, biotech
and general industrial markets. Terms of the transaction were not
disclosed.

As a distributor of CUNO products, Ligacon and 3M have enjoyed a
working relationship for several years. "The combination of 3M's
technology leadership and Ligacon's broad customer reach and
customization capabilities will accelerate growth and enable us to
deliver the right solutions to meet the needs of the filtration
industry," said Tony Theunissen, vice president and general manager,
CUNO Inc., a 3M company.

"The acquisition of Ligacon allows 3M to offer complete filtration
system solutions and better serve our customers in Switzerland and
beyond," said Reza Vaziri, managing director, 3M Switzerland.

3M CUNO Filtration manufactures and markets filtration solutions
for separating, clarifying and purifying fluids and gases. 3M CUNO
products serve the food and beverage, residential, leisure,
industrial, healthcare and food service markets. Complementary
acquisitions such as this support 3M CUNO Filtration's core business
and expansion into key markets such as the pharmaceutical
manufacturing industry.

"As part of 3M CUNO Filtration, Ligacon will gain access to 3M
technologies and developments, which will allow improved offerings to
the market and provide an excellent base for attractive growth and
opening up new market segments," said Juerg Roell, CEO and co-owner,
Ligacon.

Ligacon employs approximately 20 people at its headquarters in
Tagelswangen, Switzerland. The transaction is expected to close in the
third quarter, subject to customary closing conditions.

About Ligacon AG

Founded in 1977, Ligacon AG Tagelswangen is a leading supplier of
filtration solutions for the pharmaceutical and biotech industries.
Ligacon is owned by the Roell family.

About 3M

A recognized leader in research and development, 3M produces
thousands of innovative products for dozens of diverse markets. 3M's
core strength is applying its more than 40 distinct technology
platforms - often in combination - to a wide array of customer needs.
With $24 billion in sales, 3M employs 75,000 people worldwide and has
operations in more than 60 countries. For more information, visit
www.3M.com.

3M
Media Contacts:
Donna Fleming Runyon, 651-736-7646
or
3M Switzerland
Daniel Schuler, +41 44 724 94 63
or
Investor Contacts:
Matt Ginter, 651-733-8206
or
Bruce Jermeland, 651-733-1807

Copyright Business Wire 2008