3M to Acquire Financire Burgienne

Oct. 13, 2008
Will expand 3M's growth in traffic safety systems business

On Oct. 13 3M announced it will acquire Financire Burgienne, a provider of finished license plates under the FAAB and FABRICAUTO brands in France.

3M invented reflective sheeting for use on vehicles and road signs and is a long-time supplier of printed, reflective license plate films to FAAB and FABRICAUTO, which distributes finished license plates throughout France via more than 20,000 outlets.

"The addition of FAAB and FABRICAUTO broadens 3M's vehicle registration solutions offering beyond reflective sheeting to finished license plates in France," said Larry Lair, vice president and general manager, 3M Traffic Safety Systems.

Complementary acquisitions such as this support both 3Ms core traffic safety systems business and growth strategy to expand into adjacent markets, a company statement said.

Financire Burgienne is headquartered in Bourg-en-Bresse, France and employs 210 people at its Bourg-en-Bresse and Macon sites.

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