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The new company would assume 3M's business in wound and oral care, health informatics, and biopharmaceutical filtration. [2] The sales of products in these fields accounted for about a quarter of 3M's total sales in 2021. [3] CEO Mike Roman said that the split would "position 3M for the future, to create more opportunity and greater certainty". [4]
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 ...
GlassBridge Enterprises, Inc., formerly Imation Corporation, is an American holding company. Through its subsidiary, Glassbridge focuses primarily on investment and asset management. The company was founded in 1996 under its original name of Imation as a spin-off of 3M's data storage and imaging business.
Michael F. Roman is an American executive who was the Chief Executive Officer (CEO) of 3M.Prior to being named CEO in 2018, was chief strategy officer and chief operating officer, among other positions since joining the company in 1988.
In Manitowoc, Dowco, Inc., a company that makes canvas covers and other accessories for boats, announced on Oct. 16 that 53 employees would be laid off starting Dec. 11.
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