PAUL, Minn., Nov. 13,
2023 /PRNewswire/ -- 3M
(NYSE: MMM) today announced that DAC Technologies, a global leader
in optical lens manufacturing solutions, has entered into an
agreement to acquire the LEAP™ III brand. The acquisition closed on
Oct. 30, 2023.
LEAP III pads are blocking pads, also known as edging pads, that
are used when edging lenses in the finishing department of optical
wholesale labs and optical retailers.
For years, 3M's optical lens processing products have been
recognized by optical labs worldwide as a benchmark for quality and
performance. LEAP III edging pads offer premium slip resistance,
keeping lenses firmly in place during edging.
As part of the sale of the LEAP III brand, 3M and DAC Technologies have entered into an
exclusive supply agreement for 3M to
supply DAC Technologies with the base component material from which
LEAP III pads are made.
"DAC Technologies is a leader in the ophthalmic products space
and is the right company to continue the legacy of the LEAP III
brand," said Matt Berdahl,
3M optical products global business
leader. "DAC Technologies' knowledge of and focus on the ophthalmic
market and its customers will allow the LEAP III brand to thrive
and reach its potential in the market."
With over 40 years of experience converting blocking pads at
their factory outside Dallas, complimented by a network of
strategically located warehouses and distributors throughout the
world – DAC Technologies is ideally positioned to serve customers
globally through local distribution channels.
"We are grateful for the strong partnership with 3M that we have enjoyed over many years and are
excited to open the next chapter for both DAC and the LEAP III
brand," said Will Daniels, President
& CEO of DAC Technologies. "LEAP has long been the gold
standard in edging pads, and we are committed to maintaining the
same level of quality and performance that optical professionals
all over the world count on every day."
3M (NYSE: MMM) believes science
helps create a brighter world for everyone. By unlocking the power
of people, ideas and science to reimagine what's possible, our
global team uniquely addresses the opportunities and challenges of
our customers, communities, and planet. Learn how we're working to
improve lives and make what's next at 3M.com/news.
Please note that the company announces material financial,
business and operational information using the 3M investor relations website, SEC filings, press
releases, public conference calls and webcasts. The company also
uses the 3M News Center and social
media to communicate with our customers and the public about the
company, products and services and other matters. It is possible
that the information 3M posts on the
News Center and social media could be deemed to be material
information. Therefore, the company encourages investors, the media
and others interested in 3M to review
the information posted on 3M's news center and social media
View original content to download
SOURCE 3M Company