New Korean owners snap up Momentive

摘要

Seoul - A group of Korean companies is to buy Momentive for $3,1bn. This includes net debt, pension and other liabilities. The purchasing companies are KCC, Wonik QnC and SJL Partners. KCC is a Korean chemical engineering, paint and building materials company. Wonik QnC makes and sells quartz and ceramics for silicon wafers. SJL Partners is a private equity investment manager.