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| 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 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 127.84 | 88 | 10:42:15 |
From Nov 2023 to Nov 2024
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.
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