New Media Company Formed

by Katherine Cochrane

July 1, 1996 Imation Corporation opened for business today as an independent spin-off from the data storage and imaging operations of its parent, 3M (Minnesota Mining & Manufacturing Co.). The new company is based in Oakdale, Minnesota.

Imation combines manufacturing and marketing of products and services formerly produced by 3M's Data Storage Products, Medical Imaging and Photo Color Systems, Printing and Publishing Systems, and Customer Support Technologies and Document Imaging operations. CD-Recordable, PD and magneto-optical media are among Imation's data storage products. Additionally, Imation has assumed the operations of 3M's CD-ROM manufacturing plants in Minnesota, California and The Netherlands.

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