Organic sales grew 2.3 percent in the U.S.
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Latest In 3M
Organic local-currency sales increased 4.3 percent.
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Many distributors dont have enough debt, author Brent Grover says.
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3M is building a new laboratory to house 700 scientists, to open in early 2015.
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Organically, Industrial and Transportation segment sales grew 3.3 percent in the quarter.
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3M is moving to five business groups from six, and has announced new leadership roles for its top executives.
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Avery Dennison still seeking divestment of its Office and Consumer Products business.
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Profit rose slightly versus 2011 levels.
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Sales were up 6.3% in the U.S. for 3M.
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CodeRyte manufactures technologies for healthcare outpatient providers.
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Inge Thulin will succeed George W. Buckley who has held the posts since 2005.
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3M’s Industrial and Transportation segment was fastest growing in the year.
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2011 sales for Avery Dennison’s Office and Consumer Products business were about $765 million.
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The diversified manufacturer reported year-on-year sales increases in all geographic regions.
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New site provides a ‘more comprehensive and cohesive presence’ of products for the defense industry.
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3M alleges group of distributors submitted false rebate claims.
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U.S. sales were up 8.7% for 3M.
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3M agrees to buy Advanced Chemistry & Technology.
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Hak Cheol Shin will head International Operations, while Christopher D. Holmes will serve as executive vice president for the Industrial and Transportation business.
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Inge Thulin has served as 3M’s executive vice president of international operations since 2003.
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