3M purchases composite maker

Building products giant 3M has agreed to purchase Nida-Core Corp., a Florida manufacturer that makes composite building materials, according to an article in the Minneapolis St. Paul Business Journal

Nida Core also has a small French affiliate, Structiso, that 3M also is acquiring. Its products, which are used to build boats and snowboards, will help 3M build its composite and engineered materials product portfolio, according to the newspaper.