3M Sells Its Library Systems Business
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3M Co. (MMM) Enters Agreement to Sell Faab Fabricauto
October 6, 2015 11:18 AM EDT3M Co. (NYSE: MMM) announced that 3M France has received a binding offer from Hills Numberplates Limited to purchase 100 percent of the shares of Faab Fabricauto, a wholly-owned subsidiary of 3M and part of 3Ms Traffic Safety and Security Division. Faab Fabricauto is a leading French manufacturer of license plates and signage solutions, with facilities in Bourg-en-Bresse and Mâcon.
Faab Fabricauto has a 50-year history in the vehicle identification solutions industry, with a focus in license-plate manufacturing. The company also provides serigraphy and number-printing services for automotive, graphic communications, signage and... More
3M Co. (MMM) Completes Sale of North American Library Systems Business
October 6, 2015 11:09 AM EDT3M Co. (NYSE: MMM) announced that it has completed the sale of assets of its North American Library Systems business to One Equity Partners Capital Advisors L.P. (OEP). 3M also announced that it has entered into agreements for OEP to purchase the assets of its remaining global Library Systems business.
3M Library Systems business delivers circulation management solutions to library customers with on-premise hardware and software, maintenance and service, and an emerging cloud-based digital lending platform.
For 40 years, the business has delivered library security products, automated materials handling systems, and self-service... More
