Oct. 3 at 7:56 PM
3M Co. is exploring the potential sale of billions of dollars in assets from its industrial operations as part of a broader strategy to divest from low-growth businesses, according to Bloomberg sources familiar with the matter. The company has engaged Goldman Sachs Group Inc. to help evaluate possible divestitures. Its safety and industrial unit, which generated approximately
$11 billion in revenue last year, encompasses several business lines, including aftermarket automotive products, personal safety equipment, and industrial adhesives and tapes. Sources noted that 3M has not made a final decision on separating these assets and could still choose to maintain its current structure.
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