11 months ago
3M Considers Divesting Assets from Industrials Unit
3M, a big company, is thinking about selling some of its industrial businesses, like the ones that make auto products and adhesives.
They want to focus on growing their business better.
They've talked to Goldman Sachs about this.
This part of 3M made about $11 billion last year.
The company's boss, William Brown, has mentioned looking at selling parts of the company.
3M is also trying to get sales growing again and has already made some changes, like spinning off its health-care business.
They also dealt with problems like tariffs.
The decision on whether to sell these assets hasn't been made yet.
3M is considering selling assets from its industrials operations.
Goldman Sachs is advising 3M on potential divestments.
The industrials unit generated approximately $11 billion in revenue last year.
CEO William Brown has been reviewing asset sales.
3M previously spun off its healthcare arm.
- Who
- 3M Co., led by CEO William Brown, and Goldman Sachs Group Inc.
- What
- 3M is considering selling billions of dollars of assets from its industrials operations.
- Where
- The company is based in St. Paul, Minnesota.
- When
- The review of potential divestments is ongoing, with no final decision made yet.
- Why
- To carve out low-growth businesses and refocus on organic sales growth.
Key facts
- Company
- 3M Co.
- Potential Divestment
- Assets from Industrials operations
- Industrial Unit Revenue (2023)
- $11 billion
- CEO
- William Brown
- Stock Price (as of article)
- $158.49
- Market Value
- $84 billion
- Stock Gain (Past Year)
- 18%
- Financial Advisor
- Goldman Sachs Group Inc.



