(CercleFinance.com) – 3M announced today that it has sold its 50% interest in Combi Packaging Systems, LLC (Combi) to SIAT Group (SIAT).
Combi is an American producer and distributor of end-of-line packaging machines and parts, with robotic packaging and palletizing.
Combi also acts as a service and warehousing provider for the 3M-Matic™ brand of case sealing equipment, primarily in North America. Along with this sale, 3M will continue to sell 3M-Matic products.
The 3M-Matic brand, technologies and portfolio are retained by 3M and will continue to be sold through authorized channels worldwide.
The sale will not have a material impact on 3M’s financial results.
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