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)

96.2K

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
Trying to get in touch with decision makers at 3M Company? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman, President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Senior Vice President, Research & Development & Chief Technology Officer

Vice President & Chief Ethics & Compliance Officer

Chief Accounting Officer, Vice President & Controller

Executive Vice President, Enterprise Operations

Executive Vice President, Transportation & Electronics Business Group

Executive Vice President, Consumer Business Group

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

Operating Partner at Advent International Corp.

Former Executive Director, Manufacturing Procurement Operations & Global Purchasing at Ford Motor Company

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

Paths to 3M Company
Potential Connections via
Relationship Science
You
3M Company
Owners & Shareholders
Details Hidden

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.

Details Hidden

CSIM uses various investment strategies and methods of analysis in managing discretionary client accounts and providing recommendations to nondiscretionary clients. When providing recommendations to Charles Schwab Bank (CSB) about the selection, monitoring and removal of sub-advisers or underlying pooled investment vehicles, the firm considers both qualitative and quantitative factors. CSIM seeks to generate current income within the limit of the fund’s investment objective, credit, maturity, liquidity and diversification policies in choosing securities for the non-US fund. Their credit research department analyzes and monitors the securities that the non-US fund owns or is considering buying.

Details Hidden

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

Recent Transactions
Details Hidden

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

Details Hidden

IKM Gruppen AS purchases Water Mist Engineering AS from 3M Company

Details Hidden

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

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
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

Covetrus, Inc. engages in developing technologies and services for animal health industry. It also provides products, software, and services to help drive improved patient health, strong client relationships, and successful financial outcomes for veterinary professionals. The company was founded by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

LKQ Corp. engages in providing alternative parts to repair and accessorize automobiles and other vehicles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self Service segments. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Chicago, IL.

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 in 1977 and is headquartered in Cupertino, CA.

Key Stats and Financials As of 2019
Market Capitalization
$100B
Total Enterprise Value
$122B
Earnings Per Share
$7.81
Revenue
$32.1B
Net Profit
$4.57B
Three Year Compounded Annual Growth Rate Of Revenue
2.2%
EBITDA
$8.57B
Enterprise Value EBITDAOperating
14.1x
EBITDAMargin
26.66%
Total Equity
$10.1B
Total Debt
$21.3B
Debt TEV
0.18x
TEVNet Income
26.62x
Enterprise Value / Sales
3.79x
Non-Profit Donations & Grants
Investments
Details Hidden

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.

Details Hidden

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.

Details Hidden

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. 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. 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 Industrial. 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 Industrial segment consists of 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
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by 3M Company. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of 3M Company's profile does not indicate a business or promotional relationship of any kind between RelSci and 3M Company.