ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

MMM 3M Company

94.6701
2.51 (2.72%)
Last Updated: 14:36:39
Delayed by 15 minutes
Share Name Share Symbol Market Type
3M Company NYSE:MMM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.51 2.72% 94.6701 96.90 93.78 95.73 1,899,809 14:36:39

3M Sells Its Stake in Combi Packaging Systems

14/12/2023 2:47pm

Dow Jones News


3M (NYSE:MMM)
Historical Stock Chart


From Oct 2023 to Apr 2024

Click Here for more 3M Charts.

By Will Feuer

 

3M said it has sold its 50% stake in Combi Packaging Systems, a maker of end-of-line packaging machinery and spare parts, to SIAT Group.

The companies didn't disclose the terms of the deal, and 3M said it wouldn't have a material impact on the manufacturing conglomerate's financial results.

SIAT Group is a portfolio company of alternative-investment firm H.I.G. Capital. It makes case taping machinery, wrapping machinery and strapping equipment.

Combi is the service and warehousing provider for the 3M-Matic Case Sealing equipment brand, mostly in North America. 3M will continue to sell 3M-Matic products.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

December 14, 2023 09:32 ET (14:32 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year 3M Chart

1 Year 3M Chart

1 Month 3M Chart

1 Month 3M Chart

Your Recent History

Delayed Upgrade Clock