Sunday, August 21, 2011 11:11:57 AM
According to the Fortune 500 list,they have over $26B in revenue.
More?....
From their website:
"3M Global Trading, Inc. is a wholly-owned subsidiary of 3M (Minnesota Mining and Manufacturing Company), a multinational company with worldwide operations in more than 60 countries."
Sound familiar?(HINT:PR)
Coincidence??
Maybe.....A strong one though.
Also 3M aready has a small lighting operation and may be looking to expand into new areas.I'm thinking it's a hybrid of 3M's light-pipe technology and Elasco's molding skills/technical expertise.
There's more..
The only other company in that revenue range is Emerson Electric(self described as having operations in 240 countries).It appears,at first glance,that they work more on an industrial level,rather than 3M's consumer/pro-sumer level.
Pretty wide open,IMO.
3M has a long history of development deals.
Check out 3M's products as well.
Huge.Staggering,in fact.
Discuss?Sticky?
Good luck trading!!!!
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