# KCC Corporation to fully acquire Momentive Performance Materials

KCC Corporation, the majority shareholder of Momentive Performance Materials, has agreed to acquire the remaining shares from minority shareholder SJL Partners, making Momentive a wholly owned subsidiary. The transaction is subject to customary closing conditions.

- Type: Acquisition
- Announced: 2024-03-28
- Where: Niskayuna, New York, United States
- Status: announced
- Products: silicones, specialty solutions
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Momentive Performance Materials](https://endata.com/companies/16660.md) (target)
- [KCC](https://endata.com/companies/22942.md) (acquirer)
- [SJL Partners](https://endata.com/companies/34298.md) (investor)
- [SJL Partners](https://endata.com/companies/34298.md) (partner)

## Sources

- [momentive.com](https://www.momentive.com/en-us/news-events/kcc-corporation-enters-into-agreement-to-fully-acquire-momentive-performance-materials-group), 2024-03-28: "We're excited by the opportunities KCC's 100% ownership position will bring to Momentive and the broader KCC Corporation."
- [prnewswire.com](https://www.prnewswire.com/news-releases/kcc-corporation-enters-into-agreement-to-fully-acquire-momentive-performance-materials-group-302102618.html), 2024-03-28: "Momentive Performance Materials group is expected to be fully acquired by KCC Corporation, its majority shareholder resulting in the exit of minority shareholder, SJL Partners LLC."
- [specchemonline.com](https://www.specchemonline.com/kcc-takes-over-momentive), 2024-04-02: "South Korean paint and chemicals firm KCC has agreed to acquire the minority stake of SJL Partners Momentive Performance Materials and assume full ownership."
- [personalcaremagazine.com](https://www.personalcaremagazine.com/story/44392/kcc-to-acquire-100-of-momentive-performance-materials), 2024-04-04: "We're excited by the opportunities KCC's 100% ownership position will bring to Momentive and the broader KCC Corporation."

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