The 2020 Mid-Year Economic Update_long

3M Canada Buys Medical Product Developer

3M Canada, a wholly-owned subsidiary of St. Paul, MN-based 3M, has acquired Les Entreprises Solumed Inc., a Quebec-based developer and marketer of medical products designed to prevent infections in operating rooms and hospitals.
 
Solumed brings a chlorhexidine gluconate (CHG) and alcohol-based line of products to 3M's offering for infection prevention. The addition of Solumed positions 3M for growth in the fast-growing segment of intravenous (IV) site care and in preoperative care and hand hygiene, where CHG-based products are gaining momentum,"said Chuck Kummeth, vice president and general manager, 3M Medical Division.
 
Solumed's products such as antiseptic wipes and swabsticks, along with surgical scrub brush-sponges and antiseptic gels, complement 3M's existing ...

3M Canada, a wholly-owned subsidiary of St. Paul, MN-based 3M, has acquired Les Entreprises Solumed Inc., a Quebec-based developer and marketer of medical products designed to prevent infections in operating rooms and hospitals.
 
Solumed brings a chlorhexidine gluconate (CHG) and alcohol-based line of products to 3M’s offering for infection prevention. The addition of Solumed positions 3M for growth in the fast-growing segment of intravenous (IV) site care and in preoperative care and hand hygiene, where CHG-based products are gaining momentum,”said Chuck Kummeth, vice president and general manager, 3M Medical Division.
 
Solumed’s products such as antiseptic wipes and swabsticks, along with surgical scrub brush-sponges and antiseptic gels, complement 3M’s existing line of health care products intended to improve patient skin health and help reduce the risk of infection in patients and health care workers.
 
“The acquisition of Solumed will enhance our local presence, expand our business and help us to better address our customers’emerging needs in these markets,”said Jim McSheffrey, president and general manager, 3M Canada.
 
Solumed employs 25 people and will remain in Quebec as a separate subsidiary of 3M Canada.
 
Solumed’s products are available in Canada, Australia, New Zealand, and Singapore. The company’s head office is located in Laval, just north of Montreal, in the province of Quebec,
 
With $24 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 60 countries.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.