Momentive Performance Materials, Inc. Announces Acquisition of KCC Corporation's Silicones business, Further Strengthening Its Global Capabilities in Advanced Silicones
Share this article Share this article WATERFORD, N.Y., Jan. 6, 2021 /PRNewswire/ -- Momentive Performance Materials, Inc. ("Momentive"), announced today it has reached a definitive agreement to acquire KCC Corporation's ("KCC") Silicones business – in Korea and the UK as well as its sales operations in China – further enhancing Momentive's global capabilities in advanced silicones and specialized applications. The acquisition will move the capabilities of KCC's Silicones business from KCC Corporation, Momentive's majority shareholder, to Momentive, consolidating the companies' combined c...