3M Weighs Multibillion-Dollar Carve-Out in Industrials Arm

3M Co. is considering selling billions of dollars of assets from its industrials operations as it looks to carve out low-growth businesses, according to people familiar with the matter.

The conglomerate has been speaking with Goldman Sachs Group Inc. as it reviews potential divestments, said the people, who asked not to be identified because they weren’t authorized to speak publicly.