Industry News

Henkel Acquires Momentive Performance Materials’ Consumer Sealants Business

Published on 2020-11-24. Author : SpecialChem

TAGS:  Sealants    

Henkel Acquires Momentive Performance Materials’ Consumer Sealants Business Momentive Performance Materials finalizes the sale of its consumer sealants business to Henkel Corporation. The sale comprises a portfolio of consumer sealants sold under license from General Electric Company and available through home-improvement centers, major retailers and hardware stores. The transaction does not include the GE-branded construction sealants product line, which will remain a Momentive focus.

Momentive to Focus on Silicone & Specialties Business

Today’s milestone is another step toward building Momentive’s future and will allow us to better focus on silicone and specialties products for growing markets and advanced customer applications,” said Momentive President and chief executive officer Sam Conzone, Ph.D. “We look forward to shifting our focus and investments toward specialty businesses where we have unique capabilities to win.”

Momentive develops advanced silicone and specialty products for innovative applications in healthcare, telecommunications, electronics, personal care, construction, transportation, agriculture, energy and many other industries.

The Valence Group of Piper Sandler acted as financial advisor to Momentive Performance Materials.

Source: Momentive Performance Materials
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