3M To Spin Off Health Care Business, Create "New 3M"

By WCCO Staff, CBS Minnesota

July 26, 2022

One of Minnesota's largest employers announced Tuesday it will split into two multibillion-dollar businesses.

On Tuesday, Maplewood-based 3M said it will "spin-off" its health care business, which the company said totaled $8.6 billion in sales in 2021.

"The New 3M will remain a leading global material science innovator serving customers across a range of industrial and consumer end markets," 3M said in a statement, "and Health Care will be a leading global diversified healthcare technology company focused on wound care, healthcare IT, oral care, and biopharma filtration."

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