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[5] 3M itself sold its food safety business to Neogen in September 2022. [2] On January 24, 2023, the health care business was registered as a corporation in Delaware under the provisional name "3M Health Care Co.". [7] On November 16, 2023, 3M unveiled that the new company would be called Solventum, a portmanteau of the words "solving" and ...
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In 2008, 3M created the Renewable Energy Division within 3M's Industrial and Transportation Business to focus on Energy Generation and Energy Management. [ 87 ] [ 88 ] In late 2010, the state of Minnesota sued 3M for $5 billion in punitive damages, claiming they released PFCs —classified a toxic chemical by the EPA—into local waterways. [ 89 ]
New York-based Trian Partners, a high-profile hedge fund and multi-billion dollar investment management firm, is buying up shares in Minnesota's Solventum, the spinoff of 3M's health care business ...
3M disclosed plans to spin off its healthcare business into a listed company last year, in which the U.S. industrial giant would retain a 19.9% stake. The plan came amid litigations from military ...
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