As per reports, 3M (MMM) has completed sales of its floor products business in Western Europe, formerly known as Dinac, to Gerflor Group, a global leader in the production and distribution of floorings, wall coverings, and finishes. The business unit was part of 3M’s Construction and Home Improvement Markets Division, and as part of ongoing strategic portfolio management, the post-it maker has decided to sell the business and focus on other areas within the Construction and Home Improvement Markets Division.
The business enjoyed annual sales in 2021 were approximately 25 million euros and included floor transition profiles, stair nosing, and flexible baseboards for DIY and Pro segments within the retail channel. The transaction included manufacturing operations located in La Mure, France. Reportedly, 100 3M employees to be transferred to Gerflor upon completion of the sale, Ernst & Young France acted as financial advisor to 3M.
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