3M Completes Sale of Optical Fiber DivisionJune 4, 2018
3M has finalized the divestment of its optical fiber and copper cable telecommunications business to Corning, Inc.
The US$870 million deal, announced last December, calls for more than 500 employees of 3M’s optical fiber division to transfer to Corning. The $30 million sale of 3M’s Hamburg, Germany-based telecommunications system integration services to Corning remains pending, but is expected to be finalized by the end of the year.
With global sales of US$25 billion, 3M is a leading producer of thousands of products ranging from chemicals, filtration systems, and safety and protection equipment to office, graphics, and health care equipment. For more information, visit www.3m.com.