Columbia Sportswear Co
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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Mid Cap Blend
Company profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.

Closing Price
$66.18
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10-day average volume:
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3M Partners With Ford to Help Further Accelerate COVID-19 Response

7:31 am ET March 24, 2020 (BusinessWire) Print

3M and Ford Motor Company are partnering to increase the production of 3M's powered air purifying respirators, or PAPRs.

3M and Ford are collaborating on specific ways the companies can rapidly combine complementary capabilities and resources to help meet a surge in demand for personal protective equipment due to the COVID-19 outbreak.

3M's powered air purifying respirators use a waist-mounted, battery-powered blower that sends filtered air into a hood that helps provide respiratory protection for workers, including those in healthcare. 3M's PAPR systems can offer a more comfortable user experience for wearers who need respiratory protection for an extended period of time.

"We're exploring all available opportunities to further expand 3M's capacity and get healthcare supplies as quickly as possible to where they're needed most - which includes partnering with other great companies like Ford," said Mike Roman, 3M chairman of the board and chief executive officer. "It's crucial that we mobilize all resources to protect lives and defeat this disease, and I'm incredibly grateful to Ford and their employees for this partnership."

"3M is providing vital personal protective equipment for medical workers and we've empowered our engineers and designers to move as quickly as possible to help 3M grow PAPR production using common parts to speed this up. We are also volunteering our facilities for additional production," said Jim Hackett, Ford's president and CEO.

Overall, 3M has doubled its global output of N95 respirators to a rate of more than 1.1 billion per year, or nearly 100 million per month. In the United States 3M is producing 35 million respirators per month; of these, more than 90 percent are now designated for healthcare workers, with the remaining deployed to other industries also critical in this pandemic, including energy, food and pharmaceutical companies.

About 3M

At 3M, we apply science in collaborative ways to improve lives daily. With $32 billion in sales, our 96,000 employees connect with customers all around the world. Learn more about 3M's creative solutions to the world's problems at www.3M.com or on Twitter @3M or @3MNews.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200324005356/en/

SOURCE: 3M

Tim Post
(651) 733-9789
Tpost3@mmm.com

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