Benzinga | Oct 19, 2021 12:35PM EDT

3M Reaches Agreement To Address PFAS With Several Parties Near Decatur, Ala.

3M has reached a collaborative agreement to resolve ongoing litigation and negotiations related to per- and polyfluoroalkyl substances (PFAS) near 3M's Decatur, Ala. facility with parties including The City of Decatur and Morgan County, the plaintiffs in St. John, and the Tennessee Riverkeeper organization.

Through these agreements, subject to final approval, 3M will support activities to address PFAS that 3M manufactured or disposed of, as well as to enhance the quality of life for Decatur residents. 3M's contribution to the total amount is reflected in the company's previously disclosed financial reserves for litigation contingent liabilities.

"We appreciate the importance of our relationship with our neighbors in Decatur. Through this agreement, we can resolve these matters and take action that will strengthen Decatur for the future -- a great thing for 3M and this community," said Michelle Howell, Decatur Site Director. "We will continue to take collaborative action for communities where we live and work, our employees, and their friends and families."