3M Co. has settled its patent-infringement lawsuit against Saint-Gobain Abrasives Inc.
3M announced the settlement on Monday but did not disclose terms of the deal.
The long-lasting dispute involved 3M’s patented paint-preparation technology. 3M filed its patent-infringement complaints against Saint-Gobain in France and Germany and defended its patents before the European Patent Office. 3M accused Saint-Gobain’s Norton Paint System (NPS) of violating 3M’s patents.
In a statement, 3M officials said the settlement includes the “resolution of all disputes and a release of Saint-Gobain’s NPS products under 3M’s paint spray technology related patents.”
3M, which is based in Maplewood, makes more than 55,000 products, generated $32.8 billion sales in 2018 and has 93,000 employees worldwide.
3M’s stock price closed Monday at $176.78 a share, up 1.6%.
Saint-Gobain makes window, mortar, plasterboard and other building products and operates in 68 countries. It generates about $46 billion in sales annually and has 180,000 employees.