Dubai, UAE: 3M, the technology company that produces thousands of innovative products for dozens of diverse industries, has acquired the world-leading Bondo® company - a leading manufacturer of speciality repair and restoration products for the automotive, marine, industrial and traffic control markets, for the past 50 years.
3M Bondo®, which includes the Bondo®, Dynatron®, Marson®, Mar-Hyde®, Bondo® Home Solutions™ and Bondo® Marine and Laminex® brands, has an extensive product line with over seven hundred items which are exported to more than 100 countries around the globe. Bondo® traffic control loop sealing compounds are marketed to local governments for use when installing traffic signals at intersections; Laminex® products and compounds are sold to fibreglass distributors and OEM boat builders; Bondo® marine repair products are distributed via marine supply outlets; and Bondo® Home Solutions™ household products are found in home improvement, hardware, paint and sundry retailers across the region.
The extensive product line includes adhesive kits, body fillers and putties, fibreglass repair products, paint removers, plastic repair products, rivets, spray paints, super glue, home repair kits, undercoatings, vinyl/fabric colours, paint removers, paint hardeners and catalysts, clearcoats, primer surfacers, solvents, bumper and trim products, aerosol spray paints, undercoatings, plastic repair materials and rust converters.
Robert Castro, Marketing Specialist for 3M Transportation Business explained the variety of benefits that 3M's acquisition of Bondo brings to the company. He said; "Since 1955, Bondo has been a brand name recognized and highly respected across the globe as representing a range of products that are consistently of the highest standard and quality. Like 3M, Bondo has proven to be a brand that has the ability to reformulate quickly to meet market needs, making it the ideal choice for our business in the Gulf region and across the globe, as we continually seek to provide our customers with useful products that improve their productivity."
Existing distributors of Bondo products in the GCC will also profit from the local presence of 3M Gulf. It has a dedicated automotive aftermarket sales team to help grow the business across the region and will work alongside a team of customer service representatives handling order processing and supply chain inquiries. Local marketing support will be in place to aid efforts in promoting 3M Bondo® products and the supply chain will enjoy a logistics setup that is one of the best in the region.
Bondo, which was founded in 1955 as Dynatron® in Miami, Florida, merged with Bondo® in 1972. In 1993, Bondo® acquired Talsol and the Mar-Hyde® Corporation in 1993. The company was acquired by RPM in 1993, purchasing the Marson® Corporation in 1996.
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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.
For further information or interview enquiries, please contact:
Sudarshan C. Raman
3M Gulf Ltd.
Tel: +971 4 367 0777
Sudarshan@mmm.com
Robyn Creer
Manning, Selvage and Lee
Tel: +971 4 367 6151
robyn.creer@dubai.mslpr.com
© Press Release 2008
