3M Takes 100 Percent Stake in Tape Maker

ST. PAUL, Minn. (AP) -- The 3M Co., which makes Post-it notes and Scotch tape, said Friday it paid $36 million for Sealed Air Corp.'s half stake in PolyMask Corp., a maker of protective films.

The deal with Sealed Air, which expects a gain of 22 cents per share in the first quarter due to the sale, gives 3M a 100 percent interest in PolyMask.

And 3M plans to use its full control to expand more quickly into the electronics, construction, aerospace, marine and automotive markets with industrial adhesives and tapes, the company said.