16 Facts About 3M

1.

In 1947, 3M began producing perfluorooctanoic acid by electrochemical fluorination.

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2.

In 1979 3M introduced a digital audio recording system called "3M Digital Audio Mastering System".

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3.

On its 100th anniversary, 3M changed its legal name to "3M Company" on April 8, 2002.

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4.

On September 8, 2008, 3M announced an agreement to acquire Meguiar's, a car-care products company that was family-owned for over a century.

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5.

In March 2017, 3M purchased Johnson Controls International Plc's safety gear business, Scott Safety, for $2 billion.

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6.

On December 19, 2018, 3M announced it had entered into a definitive agreement to acquire the technology business of M*Modal, for a total enterprise value of $1.

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7.

In December 2021, 3M announced that it would merge its food-safety business with food testing and animal healthcare products maker Neogen.

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8.

Perfluorinated compounds produced by 3M have been used in non-stick cookware, stain-resistant fabrics, and other products.

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9.

In 2008, 3M created the Renewable Energy Division within 3M's Industrial and Transportation Business to focus on Energy Generation and Energy Management.

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10.

The CAEv2 was a double ended earplug that 3M claimed would offer users different levels of protection.

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11.

In May 2016, Moldex-Metric, Inc, a 3M competitor, filed a whistleblower complaint against 3M under the False Claims Act.

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12.

Moldex-Metric claimed that 3M made false claims to the U S government about the safety of its earplugs, and that it knew the earplugs had an inherently defective design.

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13.

Since 2018, more than 140, 000 former users of the earplugs have filed suit against 3M claiming they suffer from hearing loss, tinnitus, and other damage as a consequence of the defective design.

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14.

Shortages led to the U S government asking 3M to stop exporting US-made N95 respirator masks to Canada and to Latin American countries, and President Donald Trump invoked the Defense Production Act to require 3M to prioritize orders from the federal government.

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15.

The dispute was resolved when 3M agreed to import more respirators, mostly from its factories in China.

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16.

In March 2016, 3M completed a 400, 000-square-foot research-and-development building that cost $150 million on its Maplewood campus.

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