KCC Corporation to Fully Acquire Momentive Performance Materials Group
March 28, 2024
KCC Corporation, the Seoul-based chemicals manufacturer, has entered into an agreement to fully acquire Momentive Performance Materials Group, consolidating ownership and resulting in the exit of minority shareholder SJL Partners LLC. The transaction, which remains subject to customary closing conditions, brings Momentive (a global silicones and specialty materials manufacturer headquartered in Niskayuna, New York) under 100% KCC ownership to support expanded collaboration and capability growth.
- Buyers
- KCC Corporation
- Targets
- Momentive Performance Materials Group
- Sellers
- SJL Partners LLC
- Industry
- Manufacturing
- Location
- New York, United States
- Transaction Type
- Buyout
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