M&A Deal Summary

Momentive Acquires KCC s Silicones Business

On January 6, 2021, Momentive acquired chemicals company KCC s Silicones Business from KCC

Acquisition Highlights
  • This is Momentive’s 1st transaction in the Chemicals sector.
  • This is Momentive’s 1st transaction in South Korea.

M&A Deal Summary

Date 2021-01-06
Target KCC s Silicones Business
Sector Chemicals
Buyer(s) Momentive
Sellers(s) KCC
Deal Type Divestiture

Target

KCC s Silicones Business

Seoul, South Korea
KCC Corporation's Silicones Business is a provider in silicones business for developing products in the fields of specialized paints and precision chemical engineering.

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Buyer(S) 1

Buyer

Momentive

Schenectady, New York, United States

Category Company
Sector Chemicals
Employees5,200
Revenue 2.3B USD (2017)
DESCRIPTION

Momentive is a global advanced materials company with a cutting-edge focus on silicone and specialty products. The company delivers technologies, solutions, and processes designed to propel customers' products forward products that have a profound impact on everyday life from dawn to dusk, and from living rooms to outer space. Momentive is based in Schenectady, New York.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Momentive Performance Materials - Consumer Sealants Business

Waterford, New York, United States

Momentive Performance Materials' Consumer Sealants Business provides weatherproof and insulation services for major industries that support and improve everyday life.

Sell -

Seller(S) 1

SELLER

KCC

Seoul, South Korea

Category Company
Founded 1958
Sector Chemicals
Employees3,394
Revenue 6.29T KRW (2023)
DESCRIPTION

KCC is a chemicals manufacturer in Korea, specializing in paints, building materials and specialty materials. It also engages in the silicones business for developing products in the fields of specialized paints and precision chemical engineering. KCC was founded in 1958 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Momentive Technologies

Strongsville, Ohio, United States

Momentive Technologies is an advanced material company engaged in the design and manufacture of ultra-high-performance Quartz and Ceramic products. The materials technologies enable high-quality processing and production in a wide range of applications in the semiconductor, photovoltaic, lighting, aerospace, water purification, pharmaceutical, consumer electronic, and telecommunication industries. Momentive Technologies was founded in 2020 and is based in Strongsville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Momentive

Schenectady, New York, United States

Momentive is a global advanced materials company with a cutting-edge focus on silicone and specialty products. The company delivers technologies, solutions, and processes designed to propel customers' products forward products that have a profound impact on everyday life from dawn to dusk, and from living rooms to outer space. Momentive is based in Schenectady, New York.

Sell -