# South Korean KCC consortium to acquire Momentive Advanced Materials Group for $3.1 billion

A consortium led by KCC, Wonik and SJL agreed to acquire Momentive Advanced Materials Group (MPM) for approximately $3.1 billion, entering the final M&A agreement stage.

- Type: Acquisition
- Announced: 2024-01-15
- Where: United States
- Value: $3.10B
- Status: announced
- Products: silicones, silicon derivatives, quartz products, specialty ceramics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [KCC](https://endata.com/companies/22942.md) (acquirer)
- [Wonik Holdings](https://endata.com/companies/26783.md) (acquirer)
- [SJL](https://endata.com/companies/74963.md) (acquirer)
- [Momentive Advanced Materials Group](https://endata.com/companies/74964.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/american-momentive-to-be-acquired-by-south-korean-kcc-for-3-1-billion/), 2024-01-15: "This transaction will not only enable Momentive Group's silicone and quartz businesses to gain stronger professional benefits from KCC and Wonik, but will also expand as the business landscape expands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.