Momentive Performance Materials to be acquired by majority shareholder KCC Corporation
Momentive Performance Materials group is expected to be fully acquired by KCC Corporation (KCC), its majority shareholder resulting in the exit of minority shareholder, SJL Partners LLC (“SJL”).
“We’re excited by the opportunities KCC’s 100% ownership position will bring to Momentive and the broader KCC Corporation,” said Momentive President and CEO Sam Conzone, Ph.D. “We look forward to continuing and expanding our partnership with the exceptional teams at KCC to continue providing specialized products to enable Solutions for a Sustainable World.”
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