Momentive Finalizes Sale Of Customer Sealants Company
WATERFORD, N.Y., Nov. 3, 2020 /PRNewswire/ — Momentive Performance Resources Inc. declared these days that is…
WATERFORD, N.Y., Nov. 3, 2020 /PRNewswire/ — Momentive Performance Resources Inc. declared these days that is has closed on the formerly announced sale of its Shopper Sealants Enterprise to Henkel Corporation.
The sale includes a portfolio of shopper sealants sold less than license from Normal Electrical Organization and obtainable as a result of property-enhancement centers, big vendors and components stores. This transaction does not involve the GE-branded development sealants product or service line, which will stay a Momentive focus.
“Today’s milestone is another step toward developing Momentive’s foreseeable future and will enable us to greater concentrate on Silicone and Specialties products and solutions for developing marketplaces and state-of-the-art customer apps,” stated Momentive President and CEO Sam Conzone, Ph.D. “We look forward to shifting our focus and investments towards specialty corporations where by we have unique abilities to acquire.”
Momentive develops innovative silicone and specialty products and solutions for revolutionary purposes in health care, telecommunications, electronics, personal treatment, development, transportation, agriculture, electrical power and quite a few other industries.
Momentive Effectiveness Components Inc. is a international leader in silicones and superior components, with a 75-12 months heritage of staying initial to current market with effectiveness applications for key industries that support and boost everyday life. The Organization delivers science-based mostly remedies by linking custom technological innovation platforms to consumer requirements. Momentive Overall performance Materials Inc. is an oblique wholly owned subsidiary of Mom Holding Organization. Further information about Momentive and its solutions is offered at www.momentive.com.
The Valence Team of Piper Sandler acted as money advisor to Momentive Overall performance Elements.
GE is a trademark of Standard Electrical Organization. Employed under trademark license. Momentive and the Momentive brand are logos of Momentive Functionality Resources Inc.
Supply Momentive Performance Products Inc.