Momentive Sells Composites and Coatings Business
The Momentive business to be purchased by PCCR includes manufacturing locations in Carpentersville, IL; Ennis, Texas; Forest Park, GA; and Lynwood, CA. The business had 2010 sales of approximately $230 million and employs 225 people, whom it anticipates will join PCCR at closing.
“This business is an excellent fit with our existing operations in specialty chemicals and will provide us with a significant new presence in the North American marketplace in this industry,” said Andrea C. Bonomi, chairman of Investindustrial.
For more information, visit www.momentive.com or www.investindustrial.com.