3M sells LEAP III brand to DAC Technologies

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3M (NYSE: MMM) announced the acquisition of the LEAP III brand by DAC Technologies, a global leader in optical lens manufacturing solutions. The acquisition includes an exclusive supply agreement for 3M to provide the base component material for LEAP III pads. LEAP III pads offer premium slip resistance for edging lenses, and DAC Technologies is positioned to serve global customers through local distribution channels.

ST. 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."

About 3M

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.

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SOURCE 3M Company

FAQ

What brand did DAC Technologies acquire?

DAC Technologies acquired the LEAP III brand.

What are LEAP III pads used for?

LEAP III pads, also known as edging pads, are used in the finishing department of optical wholesale labs and retailers when edging lenses.

Who will supply DAC Technologies with the base component material for LEAP III pads?

3M has entered into an exclusive supply agreement to provide DAC Technologies with the base component material for LEAP III pads.

What is the specialty of LEAP III pads?

LEAP III pads offer premium slip resistance, keeping lenses firmly in place during edging.

How is DAC Technologies positioned to serve customers globally?

With over 40 years of experience and a network of strategically located warehouses and distributors, DAC Technologies is ideally positioned to serve customers globally through local distribution channels.