To The Moon

Hey, this is Stocks_Pedia.

Here I would like to introduce you to some unfamiliar companies that you may probably haven't heard of, and hope it can be of some help to your investments.

The company I'm going to introduce this time is $3M(MMM)$.

It went public on 14th January 1946.

[Company Profile]

3M was incorporated under the laws of the State of Delaware in 1929 to continue the operations begun in 1902. The company is a diversified technology company with global operations in the following businesses: Safety and Industrial, Transportation and Electronics, Healthcare and Consumer.

[History & Events]

1916: 3M finally became financially stable and was able to pay dividends.[11]

1947: 3M began producing perfluorooctanoic acid (PFOA) by electrochemical fluorination.

2008: 3M announced an agreement to acquire Meguiar's, a car-care products company that was family-owned for over a century.

2010: 3M completed acquisition of Arizant Inc.

2012: 3M was one of the 30 companies included in the Dow Jones Industrial Average, added on August 9, 1976, and was 97 on the 2011 Fortune 500 list.

2013: 3M sold Scientific Anglers and Ross Reels to Orvis. Ross Reels had been acquired by 3M in 2010.

2017: 3M had net sales for the year of $31.657 billion, up from $30.109 billion the year before.

2018: 3M announced it had entered into a definitive agreement to acquire the technology business of M*Modal, for a total enterprise value of $1.0 billion.

2019: 3M purchased Acelity and its KCI subsidiaries for $6.7 billion, including assumption of debt and other adjustments.

2020: 3M divested substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million including a 17% interest in the new operating company, Kindeva Drug Delivery.

[Main Business Segments]

[Net Income & Total Revenue]

[Competitors]

$General Electric Co(GE)$

$Emerson(EMR)$

$Honeywell(HON)$

$Corning(GLW)$