3M Buys Polaroid's Technical Polarizerand Display Films Business

ST. PAUL, Minn., Apr. 7 -- 3M's Optical Systems Division has purchased Polaroid Corp.'s Technical Polarizer and Display Films business. Financial terms of the sale, which included the acquisition or licensing of Polaroid's patented technologies related to the business, were not disclosed.
This enhances 3M's display films portfolio by adding Polaroid's polarizer (circular, h-type and k-type), plastic display and certain display-viewing-enhancement film technologies, said Andrew H. Wong, vice president of 3M's Optical Systems Division. We will continue to supply polarizing material to current customers, as well as to Polaroid for its finished sunglass, sunglass lens and sheet business, Wong noted.