Annual Revenue: $1,258,100,000
About Imation Corp.
Imation does its share to create the portable economy. Spun off from 3M in 1996 and headquartered in Oakdale, MN, Imation Corp. (NYSE: IMN) makes removable storage and media products. The company develops, manufactures, markets, and distributes magnetic tape cartridges, USB flash drives, portable hard drives, blank CDs and DVDs, and floppy disks. It sells through retailers, distributors, OEMs, and others in North America, South America, Europe, and Canada. The company has annual revenue of about $1.3 billion and employs about 2,300 people. In May 2006 the company completed the previously announced acquisition of Memorex from Hanny Holdings of Hong Kong and other shareholders of Memorex for $329 million in cash.