# 3M to sell drug delivery business to Altaris Capital Partners

3M entered into an agreement to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, retaining its transdermal drug delivery components business.

- Type: Acquisition
- Announced: 2019-12-23
- Where: United States
- Status: announced
- Products: drug delivery systems
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [3M](https://endata.com/companies/3594.md)
- [Altaris Capital Partners](https://endata.com/companies/31301.md) (acquirer)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=35), 2019-12-26: "3M recently announced that it has entered into an agreement to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.