Deals
3M Explores $3.5 Billion Sale of Food Safety Division
- Company working with advisers; no final decision has been made
- Business helps foodmakers monitor sanitation and allergens
Photographer: Andrew Harrer/Bloomberg
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3M Co. is working with advisers on the sale of its food safety business, according to people with knowledge of the matter.
The unit, which sells test kits and other products to help foodmakers monitor sanitation and allergens, could fetch about $3.5 billion, said one of the people, who asked not to be identified because the matter is private.