11 months ago

3M Considers Divesting Assets from Industrials Unit

3M Considers Divesting Assets from Industrials Unit
3M Weighs Multibillion-Dollar Carve-Out in Industrials Arm · livemint.com

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.

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.

Sources

Related news