Reportedly, 3M Co (MMM) is in talks for the sale of its food safety business with advisers. The company’s unit which, sells test kits and other products to assist food makers to manage sanitation and allergens is expected to bring in a sale of about $3.5 billion, giving 3M extra cash amid the coronavirus pandemic. The food safety division contributed $341 million in revenue last year, comprising 5% of the total $7.4 billion in revenue generated by the company’s larger health-care unit.
3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small. To learn more about 3M (MMM) and to track its ongoing progress please visit the Vista Partners 3M (MMM), Coverage Page.
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