MMM - 3M
The 3M company (NYSE:MMM) was founded by Herman W. Cable,Henry S. Bryan, John Dwan, Dr. J. Danley Budd and William A. McGonagle in 1902 in Two Harbors, Minnesota, a little town about 25 miles north of Duluth on the shores of Lake Superior.
Product lines from the creative company are so diverse and widespread it's almost impossible to classify the business they're in, but they do operate within six business sectors: Industrial and Transportation; Health Care; Safety, Security and Protection Services; Consumer and Office; Display and Graphics; and Electro and Communications.
With the wide array of products they manufacture, the company sells through multiple channels, include direct marketing, wholesalers, and retailers around the world.
In 1929 3M sold its first public shares of the company when they traded over the counter, and in 1946 they were listed for the first time on the New York Stock Exchange. Now they are a component of both the Dow Jones Industrial Average and the S&P 500.
While relatively quiet in 2009 for acquisitions, the three years before that 3M bought over 40 companies to bring under their corporate umbrella, including Meguiar's, Venture Tape Corp., Abravsivos SA, Financiere Burgienne SAS, General Industrial Diamond Co. Inc., Omnii Oral Pharmaceuticals, Pinnacle Distribution Concepts Inc. and JJ Converting, among many others.
The company is now based in Maplewood, MN.
Company Name:
Country:
3M
Stock Symbol / Ticker:
MMM
Country:
United States