NYSE:MMM

3M is a large diversified technology conglomerate operating in more than 70 countries worldwide. With over 116 years in business, the company has built an extensive distribution channel selling its products in many countries around the world. 3M Company’s business can be broadly classified into five segments - Industrial (34% of 2018 sales), Safety & graphics (18%), Healthcare (18%), Electronics & energy (16%), and Consumer (14%). The 3M brand is recognized and trusted around the globe. Household product brands like Nexcare, Post-it, Scotch, Scotch-Brite, and Scotchgard are market leaders in their respective segments. About 40% of the 3M’s revenues come from the U.S. while other markets include Asia Pacific (31%), Europe, Middle-East and Africa (20%) and Latin America (9%). The company is also bolstering and diversifying its product offerings through acquisitions. A global customer base, extensive research and development facilities, and a diversified product mix make 3M a leader in most of the markets it serves.