Will 3M Sell Its Food Safety Business for $3.5 Billion?

Will 3M Sell Its Food Safety Business for $3.5 Billion?

3M (NYSE: MMM), better known for its Post-it notes, Scotch tapes, and now N95 respirator masks, is exploring the sale of its food safety unit, according to a Bloomberg report this week. The report suggests 3M could raise as much as $3.5 billion from the divestiture. Its food safety business primarily sells products like kits that enable food processors to test the microbiological quality of food, including for allergens.