ABC News Corona Virus Economic Impacts

3M alleges New Jersey company tried to price-gouge New York City for $45 million worth of masks

The markup reportedly was 500% to 600%.

City officials, mistakenly believing Performance Supply was an authorized vendor of 3M products, twice prepared bids, according to Minnesota-based 3M.

"3M does not -- and will not -- tolerate price gouging, fraud, deception, or other activities that unlawfully exploit the demand for critical 3M products during a pandemic," Denise Rutherford, senior vice president of corporate affairs, said in a statement. "3M will not stop here. We continue to work with federal and state law enforcement authorities, and around the world, to investigate and track down those who are illegally taking advantage of this situation for their own gain."

Performance Supply, according to documents from the New Jersey secretary of state obtained by ABC News, was established in February 2012, with the company's business certificate suspended in September 2014 over a failure to file annual reports. The company's certificate was reinstated on March 15, approximately two weeks before the alleged attempted sale to New York City officials.

A phone call to the only individual listed under company officers or directors returned a voicemail recording by someone identifying as that person. No message could be left because the mailbox was full. A text to the same number wasn't immediately answered, and it's unclear whether it was received.

The company address listed in the complaint appears to be a private home.

3M has asked that Performance Supply end "its illegal activities" and is seeking damages, which, if received, "will be donated to COVID-19 related nonprofit organizations."