en.Wedoany.com Reported - An affiliate of Switzerland's Capmont Group AG will acquire all shares of Dyneon GmbH, a fluoropolymer subsidiary of 3M Deutschland GmbH. This transaction follows 3M's complete cessation of per- and polyfluoroalkyl substances (PFAS) production in 2025 and represents the latest move in its portfolio optimization.

In a statement released on May 11, 3M disclosed that the counterparty is registered in Freienbach, Switzerland. The equity divestiture is seen as a key step in optimizing assets after 3M's PFAS production shutdown. The company stated that the decision was made following a thorough compliance review, fulfilling its commitments to safe production, compliant operations, and financial controls. The specific financial terms of the transaction were not disclosed.

As early as the end of 2022, due to tightened regulations on fluorinated chemicals in multiple countries, 3M had planned to close its plant in Bavaria, Germany, and gradually phase out all categories of PFAS products, including the fluororubber raw materials produced by Dyneon.

Following the equity transfer, the plant in the Gendorf Chemical Park in Bavaria will gain a sustainable operational path, contributing to the stability of the local industry and jobs. Bavaria's Minister of Economic Affairs welcomed the acquisition, stating it has a positive impact on the development of the chemical industry cluster.

3M stated it will continue its environmental remediation obligations related to the historical production legacy at the site. The transaction is subject to customary closing conditions and approvals from regulatory authorities in multiple countries before it can be finalized.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com