3M has announced the realignment of the company from five to four business segments to enable it to better serve global customers and markets. “Our new alignment will leverage our business transformation progress, accelerate growth and deliver greater operational efficiencies,” said Mike Roman, CEO, 3M. The new structure will be comprised of four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer.
Safety & Industrial segment - with an estimated annual revenue of $12 billion - will consist of personal safety, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules.
Transportation & Electronics segment, which will have estimated annual revenue of $10 billion, will consist of electronics (display materials and systems, electronic materials solutions), automotive and aerospace, commercial solutions, advanced materials, and transportation safety.
Health Care business segment – with an estimated annual revenue of $7 billion - will include medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety. Consumer business consists of home improvement (along with the retail auto care business), stationery and office supplies, home care, and consumer health care. This segment will have estimated annual revenue of $5 billion.