Less than a month after inking a deal to sell its epoxy resins business to Westlake Chemical, Hexion Holdings has agreed to sell the rest of itself to the private equity firm American Securities for $30.00 per share. The deal values the company's stock at nearly $1.8 billion.
Who is hexion Holdings LLC?
Based in Columbus, Ohio, Hexion is a global leader in thermoset resins. Hexion serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
Where is Momentive based?
Type Private
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Founded 1857
Headquarters Waterford, New York, United States
Key people Sam Conzone (President & CEO)
Revenue $6.5 billion
Does GE own Momentive?
In 2006, Momentive Performance Materials (Momentive) purchased GE Advanced Materials, becoming the exclusive global licensee of GE branded silicone sealants and coatings. Whatever your project requirements, you can depend on GE Silicones to deliver.
Who bought Momentive?
Zendesk
Is momentive a public company?
After a few rocky years, Momentive Performance Materials has launched an initial public offering of stock set to raise more than $350 million for itself and major shareholders. The silicone maker's shares will soon start trading on the New York Stock Exchange under the ticker symbol MPMH.Nov 8, 2017
Who bought KCC?
Momentive Performance Materials, Inc.
What kind of company is momentive?
Type Private
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Industry Chemicals
Predecessor Momentive Performance Materials Inc., Momentive Specialty Chemicals Inc.
Founded 1857
Headquarters Waterford, New York, United States