An investor group consisting of SJL Partners LLC, KCC Corp. and Wonik QnC Corp. has successfully acquired MPM Holdings Inc. (Momentive), a global silicones and advanced materials company.

“This is a great outcome for all of our stakeholders, delivering maximum value to our stockholders and positioning Momentive for long-term growth and future job creation that will benefit our talented employees across the globe as well as our customers and suppliers,” says Momentive CEO and president Jack Boss.

The acquisition and potential for greater combination with KCC’s silicones division will “further enhance Momentive’s global leadership position,” Boss says, by expanding Momentive’s portfolio of products, while at the same time broadening its geographic reach and financial position.

On May 15, 2019, Momentive became a wholly owned subsidiary of the investor group and ceased to be traded on the venture market. In connection with the closing, the transaction was financed through a combination of cash and new debt.

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