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)

95K

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 segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery 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 office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. 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

Chief Executive Officer

Assistant Secretary

Assistant Secretary

Executive Director, Six Sigma

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Human Resources Officer

Senior Vice President & Chief Strategy Officer

Senior Vice President, Corporate Controller & Chief Accounting Officer

Group President, Consumer

Group President, Enterprise Operations

Board of Directors

Executive Vice President & Chief Financial Officer at Microsoft Corporation

Founder at Mildstorm LLC

Former Managing Partner of Global Business Operations at Accenture Plc

Executive Vice President Global Downstream at Tengizchevroil

Former Chief Executive Officer at Cargill, Inc.

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

Industry Advisor, Retail, Food & Beverage, Consumer at Great Range Capital LLC

Former Chairman & Chief Executive Officer at United Parcel Service of America, Inc.

Operating Partner at Advent International Corp.

Chairman & Chief Executive Officer at Dow, Inc.

Paths to 3M Company
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3M Company
Owners & Shareholders
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NTC’s trust administrators focus on providing responsive and secure services for a variety of trust and fiduciary services for both qualified and non-qualified retirement and employee benefit plans. The firm’s highly experienced team consists of in-house ERISA lawyers, financial analysts, relationship managers and support professionals working to help clients develop and implement solutions to their unique situations. Acting as an independent fiduciary to a plan, NTC seeks to protect the interests of plan participants and beneficiaries in situations where inherent conflicts of interest may exist between the plan sponsor and the plan.

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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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FvS is an active manager which utilizes their five major core values of diversification, flexibility, quality, solvency and value to construct portfolios invested in equity, bond, and multi-asset instruments across regions and sectors. The firm aims to preserve and increase client assets by employing a long-term investment approach. Their equity funds invest in quality companies with stable business models. FvS is doing in-house analysis of the individual stocks to weigh a well-considered diversification of investments in different markets, sectors and currencies, opportunities and risks. They offer four different equity funds - all in common is the value-oriented stock selection by the firm’s portfolio managers. In addition to FvS’ pure bond funds that invest worldwide, the firm also offers a global strategy for convertible bonds which is a defensive alternative to pure equity investments. The firm’s multi-asset funds are an actively mix of several asset classes such as stocks, bonds and gold, combining investment opportunities with smart risk diversification.

Recent Transactions
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TES Touch Embedded Solutions (Xiamen) Co., Ltd. purchases 3M Touch Systems, Inc. from 3M Company

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

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IKM Gruppen AS purchases Water Mist Engineering AS 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

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. The company was founded in 1902 and is headquartered in Lisle, IL.

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Key Stats and Financials As of 2020
Market Capitalization
$113B
Total Enterprise Value
$117B
Earnings Per Share
$9.25
Revenue
$32.2B
Total Equity
$12.9B
Three Year Compounded Annual Growth Rate Of Revenue
0.55%
Enterprise Value / Sales
3.62x
TEVNet Income
21.65x
Debt TEV
0.17x
Total Debt
$19.8B
Net Profit
$5.38B
EBITDAMargin
27.54%
Enterprise Value EBITDAOperating
13.05x
EBITDA
$8.86B
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

Investor at PacketZoom, Inc.

Suppliers
RCM Technologies, Inc. Engineering, Construction & Architecture | 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. Industrial Machinery & Manufacturing | 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 the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment consists of a range of circuit protection, power control and sensing technologies for global original equipment manufacturers (OEMs). The Industrial segment includes power fuses and holders, protection relays and controls and other circuit protection products for use in various industrial applications such as oil, gas, mining, alternative energy, electric vehicle infrastructure, non-residential construction, HVAC systems, elevators and other industrial equipment. 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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