3M to Sell Some Dental Local Anesthetic Products to Pierrel for $70 Million
02 Maggio 2023 - 7:04PM
Dow Jones News
By Colin Kellaher
3M Co. on Tuesday said it agreed to sell a handful of dental
local anesthetic products to Italy's Pierrel for $70 million.
The St. Paul, Minn., conglomerate, which last week unveiled
plans to shed about 6,000 jobs in a global restructuring, said the
products generated sales of about $30 million last year and weren't
material to its financial results.
3M said the products, which it sells mainly in Europe and Asia,
include those sold under the Ubistesin, Xylestesin and Mepivastesin
brands and are part of its oral-care business.
The company said it expects to record a gain on the sale, which
it expects to complete in the third quarter, adding that it will
retain the ownership of its plant in Seefeld, Germany, where the
portfolio is based.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 02, 2023 12:49 ET (16:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Grafico Azioni Pierrel (BIT:PRL)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Pierrel (BIT:PRL)
Storico
Da Apr 2023 a Apr 2024
