3M Says Entered Into An Agreement To Sell Assets In Thailand To Selic Corp
June 30 (Reuters) - 3M Co:
June 30 (Reuters) - 3M Co (MMM.N) :
PRESS RELEASE - 3M TO SELL RIGHTS TO NEOPLAST™ AND NEOBUN™ BRANDS AND RELATED ASSETS IN THAILAND AND CERTAIN OTHER SOUTHEAST ASIA COUNTRIES
SAYS SALE WILL NOT HAVE A MATERIAL IMPACT ON 3M’S FINANCIAL RESULTS
SAYS 3M HAS DECIDED TO EXIT THESE BRANDS AND PRIORITIZE OTHER AREAS WITHIN ITS CONSUMER HEALTH & SAFETY DIVISION (CHSD)
SELIC HAS INDICATED THAT IT INTENDS TO ESTABLISH OPERATIONS AT FACILITY, INCLUDING EMPLOYMENT OF INTERESTED SITE EMPLOYEES
THIS WILL IMPACT APPROXIMATELY 250 3M THAILAND EMPLOYEES WHO ARE ELIGIBLE FOR SEVERANCE AND OUTPLACEMENT ASSISTANCE