KCC to acquire Momentive Performance Materials from SJL Partners.

KCC, a South Korean chemical and auto parts manufacturer, agreed to acquire Momentive Performance Materials, a global high-performance silicones and specialty solutions company, from SJL Partners, a private equity firm based in Seoul. Financial terms were not disclosed. "We're excited by the opportunities KCC's 100% ownership position will bring to Momentive and the broader KCC Corporation. We look forward to continuing and expanding our partnership with the exceptional teams at KCC to continue providing specialized products to enable Solutions for a Sustainable World," Sam Conzone, Momentive Performance Materials President and CEO.