Replies to post #8048 on The Rising Influence of Rising Affluence

[DewDiligence]

3M makes healthcare acquisition:

http://finance.yahoo.com/news/3m-acquire-treo-solutions-140000236.html

3M announced today that it has entered into an agreement to acquire Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Terms of the transaction were not disclosed.

As a matter of policy, 3M does not disclose the price paid for acquisitions of private companies.

[DewDiligence]

3M projects 15% sales growth in China during next 5 years:

http://www.bloomberg.com/news/2014-03-18/3m-sees-china-s-sales-growth-triple-global-pace-ceo-says-1-.html

3M Co. (MMM) forecasts China sales will grow three times faster than the company’s total revenue because of demand for health and consumer products such as face masks and water filters, Chief Executive Officer Inge Thulin said.

The maker of Post-it notes…is targeting annual Chinese sales growth of about 15 percent over the next five years, compared with global growth of between four and six percent, Thulin said in a March 13 interview at 3M’s offices in Shanghai. China generated about 10 percent of its global revenue of $30.9 billion last year…