3M Co. is considering selling billions of dollars of assets from its industrials operations as it looks to carve out low-growth businesses, according to people familiar with the matter.

The conglomerate has been speaking with Goldman Sachs as it reviews potential divestments, said the people, who asked not to be identified because they weren’t authorized to speak publicly.

3M’s safety and industrials unit, which generated about $11 billion in revenue last year, encompasses businesses such as aftermarket auto products, personal safety equipment and industrial adhesives and tapes, among others.

A final decision to pursue a separation of the assets hasn’t been made and 3M could opt to move forward with its current structure, the people added.

Representatives for Maplewood-based 3M and Gol

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