3M Company

3M Company

3M Company

Overview
Date Founded

1902

Headquarters

3-M Center Saint Paul, Minnesota, 55144-1000, United States

Type of Company

Public

Employees (Worldwide)

93.5K

Industries

Industrial Machinery & Manufacturing
Wholesale: Medical Supplies & Pharmaceuticals
Wholesale: Consumer Non-Durables/Sundries
Wholesale: Consumer Durables
Other Business & Consulting Services
Medical Products & Equipment
Appliances & Electronics
Paper Products
Industrial Conglomerates
Computer Software
Automobiles

Company Description

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following five segments: Industrial, Safety & Graphics, Health Care, Electronics & Energy, and Consumer. The Industrial segment provides products, including tapes, abrasives, adhesives, ceramics, sealants, closure systems for personal hygiene products, acoustic systems products, specialty materials and filtration systems. The Safety & Graphics segment offers personal protection products, ransportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, all protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. The Health Care segment supplies medical and surgical equipment, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes sponges, scouring pads, high-performance cloths, consumer and office tapes, repositionable notes, indexing systems, home improvement products, home care products, protective material products, and consumer & office tapes, as well as adhesives. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, Legal Affairs & General Counsel

Vice President, Deputy General Counsel & Corporate Secretary

Senior Vice President, Research & Development & Chief Technology Officer

Vice President, Corporate Controller & Chief Accounting Officer

Vice Chairman of the Board, Executive Vice President

Executive Vice President, International Operations

Executive Vice President of Transportation & Electronics Business Group

Executive Vice President-Consumer Business Group

Board of Directors

Chairman & Chief Executive Officer at 3M Company

Executive Vice President & Chief Financial Officer at Microsoft Corporation

Chairman & Chief Executive Officer at 3M Interamerica, Inc.

Former President & Chief Operating Officer of North Asia, Eurasia & Middle East Group at The Coca-Cola Company

Former Chairman & Chief Executive Officer at Archer Daniels Midland Co.

Chairman at The Annie E. Casey Foundation, Inc.

Former Managing Partner of Global Business Operations at Accenture Plc

Chairman at Uncork Kansas

President & Chief Executive Officer at Cargill, Inc. /Risk Management & Financial Division

Operating Partner at Advent International Corp.

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3M Company
Owners & Shareholders
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SSgA FM's methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM's Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm's Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

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State Farm® has been in the mutual funds business since 1968, managing funds then only available to employees and Agents. In 2001, State Farm Mutual Funds products and services became available to the public for the first time. Our main objective is to make each of our 15 State Farm Mutual Funds® a highly competitive and rewarding long-term investment for our shareholders. To help achieve this objective, we use an investment management structure that capitalizes on the unique strengths, focused attention, and knowledge of seasoned investment professionals in State Farm’s internal investment department. Because we offer a wide variety of funds, some outside the core knowledge of our internal investment department, we also have seven other highly-respected asset management organizations working for you. Each of our investment advisors provides well-known, long-established experts in their respective investment strategies and has beliefs and investment philosophies that are consistent with our own. State Farm Mutual Funds shareholders can feel confident that their investments are being managed in a responsible, conservative, and cost-effective manner consistent with a long-term perspective

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MFS Investment Management utilizes various investment techniques to implement its investment strategies, including, but not limited to, long and short-term purchases, short sales, margin transactions, options, and exchange-traded and over-the-counter derivatives or other methods to seek to achieve performance. They employ a variety of methods to evaluate securities, including fundamental and quantitative analysis. MFS Investment Management offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm's fundamental research expertise with highly systematic quantitative research.

Recent Transactions
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3M Company purchases Acelity Holdings, Inc. from Apax Partners Ltd., Canada Pension Plan Investment Board Private Investments, PSP Investments Canada, Inc. (Private Equity)

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PAR Technology Corp., ParTech, Inc. purchase 3M Co. /Drive Thru Communication Systems Bus from 3M Company

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Avon Rubber Plc purchases 3m Co. /Advanced Ballistic Protection Business from 3M Company

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised on3M Company purchases Acelity Holdings, Inc. from Apax Partners Ltd., Canada Pension Plan Investment Board Private Investments, PSP Investments Canada, Inc. (Private Equity)

Accountant

Advised on3M Company purchases Corning Precision Lens, Inc. from Corning, Inc.

Investment Advisor

Advised on3M Company purchases Scott Technologies, Inc. from Johnson Controls International PLC

Legal Advisor

Advised on3M Company purchases Acelity Holdings, Inc. from Apax Partners Ltd., Canada Pension Plan Investment Board Private Investments, PSP Investments Canada, Inc. (Private Equity)

Investment Advisor

Advised on3M Company purchases 3M Purification, Inc.

Investment Advisor

Advised onMeda AB purchases 3M Co. /European Pharmaceutical Unit from 3M Company

Advisors & Consultants
Advisor

Executive Chairman at 3M Interamerica, Inc.

Legal Advisor

Co-Chair, Antitrust & Competition Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Shareholder at Vedder Price P.C.

Clients

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

GFL Ltd. manufactures and sells refrigerant gases. It operates through the following segments: Chemicals, Wind Energy Business, Power, and Theatrical Exhibition. The Chemicals segment includes refrigerant gases, anhydrous hydrochloric acid, caustic, chlorine, chloromethane, and specialty chemicals. The Wind Energy Business segment manufactures and sells wind turbine generators. The Power segment handles power generation business. The Theatrical Exhibition segment operates and manages multiplex cinema theatres. The company was on February 4, 1987 and is headquartered in Noida, India.

Key Stats and Financials As of 2018
Market Capitalization
$96.4B
Total Enterprise Value
$126B
Earnings Per Share
$8.89
Revenue
$32.8B
Total Equity
$9.85B
Net Profit
$5.35B
Total Debt
$14.7B
EBITDAMargin
28.27%
EBITDA
$9.26B
Three Year Compounded Annual Growth Rate Of Revenue
2.67%
Five Year Compounded Annual Growth Rate Of Revenue
1.2%
Enterprise Value Sales
3.85x
TEVNet Income
23.6x
Debt TEV
0.12x
Enterprise Value EBITDAOperating
13.63x
Non-Profit Donations & Grants
Investments
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Strong Arm Technologies, Inc. develops leading safety solutions for injury prevention and peak performance for the industrial workforce. It offers FLx, V22, and Pilot. The company was founded by Sean Petterson in 2012 and is headquartered in Brooklyn, NY.

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Socially Determined, Inc. operates as a strategic health information technology consulting firm. It offers SocialScape, an analytics platform that quantifies and visualize social risk using a curated repository of social determinants of health data in the nation. The company was founded by Trenor Williams, Ryan Bosch and Anthony F. Beverina in 2017 and is headquartered in Washington, DC.

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Ekahau, Inc. provides Wi-Fi based real time location systems. Its Wi-Fi tags and site survey solutions help businesses to keep track of valuable assets and equipment, as well as enhance workflow, corporate security, and customer services. The firm also provides wristband tags that are used to determine the precise location of children or adults primarily in hospitals, amusement parks, cruise ships, and other hospitality venues; and Ekahau Mobile Survey, an enterprise-grade Wi-Fi toolkit designed to operate on mobile phones and tablets. The company was founded by Michel Wendell and Henry Tirri in 2000 and is headquartered in Reston, VA.

Investors
Details Hidden

Co-Founder at Founder Collective Management Co. LLC

Suppliers
RCM Technologies, Inc. Computer Software | Pennsauken, New Jersey

RCM Technologies, Inc. engages in the provision of business and technology solutions. It operates through the following business segments: Engineering, Specialty Health Care, Information Technology, and Corporate. The Engineering segment comprises of engineering, design, engineering analysis, technical writing, and technical support services. The Specialty Health Care Services segment offers staffing of health care professionals. The Information Technology segment involves the enterprise business solutions, application services, infrastructure solutions, competitive advantage and productivity solutions, life sciences solutions, and other selected vertical market specific offerings. The company was founded by Leon Kopyt in 1971 and is headquartered in Pennsauken, NJ.

Richardson Electronics Ltd. Appliances & Electronics | LaFox, IL

Richardson Electronics Ltd. engages in the provision of engineered solutions and distributes electronic components to the electron device marketplace. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys and Healthcare. The PMT segment provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair-all through its existing global infrastructure. The Canvys segment offers customized display solutions serving the corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturers markets. The Healthcare segment manufactures, refurbishes, and distributes replacement parts for the healthcare market including hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded on May 31, 1947 and is headquartered in LaFox, IL.

Littelfuse, Inc. Internet Software & Services | Chicago, Illinois

Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. The company offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems. It operates through the following segments: Electronics, Automotive, and Electrical. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Electrical segment markets and sells its power fuses and protection relays through the manufacturer's representatives across North America. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.

Awards & Honors
Rank #93
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #93
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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