3M has entered into a definitive agreement to acquire the Futuro health supports and compression hosiery product line from Beiersdorf. Terms of the transaction were not disclosed.

“The Futuro product line brings an established, branded consumer platform to 3M’s existing consumer businesses and will expand our offering in the U.S., Australia, Europe and Asia,” said Dr. Gabi Sabongi, VP, Consumer Health Care, New Business Ventures, and R&D, 3M Consumer and Office Business. “The addition of Futuro also will broaden our channels for consumer products.”

“3M’s technology, innovation and expertise will help us to grow and expand the Futuro brand and range of products,” said Dr. Sabongi. Futuro employs approximately 100 people at its operations in Wilton, CT, and Mariemont, OH.

“This sale allows us to continue our strategy of focusing on our core business of skin and beauty care,” said Thomas B. Quaas, chairman of the Executive Board of Beiersdorf AG. “Our goal is to clearly develop our Nivea and Eucerin brands in the US market, while finding the right strategic framework for Futuro. With this transaction new opportunities are opened up for the Futuro business, and it is an excellent conclusion for all involved.”