3M to acquire Neoplast Co Ltd

Diversified global technology company 3M today said that it would acquire Thai-owned Neoplast Co Ltd., for an undisclosed amount. Neoplast manufactures and distributes 5,000 items for domestic and export markets including first aid bandages, medical tapes, hydrogel plaster and tapes for the sport market across the Asia Pacific region.

Neoplast Co., Ltd is certified for GMP from the Thai Ministry of Public Health and TGA from Australia , ISO9001:2000, ISO13485:2003, and Directive 93/42/EEC Annex V (CEMark).

"This acquisition expands our global manufacturing capabilities and allows us to better address emerging needs in this market," said Chuck Kummeth, division vice president, 3M medical division.

"Neoplast complements 3M's well-known line of skin and wound care products and broadens our offering in Southeast Asia," added Paul Acito, managing director, 3M Thailand.

Neoplast exports account for the majority of its sales serving clients in the field of wound-care. "The combination of 3M and Neoplast will help to expand the business beyond the current customer base," said Sawat Donsagul, managing director, Neoplast Company Ltd.