Earlier quoted context omitted.
They spun it off into Imation, as 3M’s specialty is coatings and chemicals. Storage no longer really uses those things You could say that 3M doesn’t make the things you use every day; they make the things you use better.
We call those “specialty chemicals” and it’s smaller volumes but much higher profit margins. Evonik (Germany) is another example. Things like- not the asphalt shingle, not the granules on the asphalt shingles, but a COATING ON the granule on the asphalt shingle that provides weather protection. Or, not the memory foam mattress, and not the liquid precursors that are combined to create the foam in the mattress, but an…
Next thing you know, you're going to tell me about this company called BASF from Germany.