The expansion, expected to come on stream in the first quarter of next year, aims to address the rising demand for environmentally compatible coatings and adhesives in Asia-Pacific.
M. Holland Co. announced an agreement to partner with Ravago Group. While Ravago Group will acquire a majority interest, the M. Holland management team will remain the same.
Under the agreement, 3M will contribute a total amount of $6.0 billion between 2023 and 2029 - $5.0 billion in cash and $1.0 billion in 3M common stock.