| Type | Private |
|---|---|
| Industry | Special Materials |
| Founded | 2006 |
| Headquarters | Columbus, Ohio. |
| Key people | Craig O. Morrison (President and CEO) |
| Products | Silicones, Sealants and Adhesives, Quartz, Ceramics, Acrylics, Coatings |
| Owner(s) | Apollo Global Management |
| Employees | 10,000 (2010) |
| Website | http://ww2.momentive.com/home.aspx |
Momentive Performance Materials Inc manufactures silicone, silicone based derivatives, quartz, ceramics and other specialty materials for diverse industrial applications. In 2009, the company had sales close to $2 billion, of which more than 90% were in silicones and derivatives segment.[1] As of 2010, Momentive is the second-largest producer of silicones in the world. Its close competition are Dow Corning and Wacker Chemie. Momentive's world headquarters is located in Columbus, Ohio,
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Momentive was formed in 2006 by the sale of General Electric Advanced Materials business to Apollo Management LP. The former GE joint ventures of GE Bayer Silicones and GE Toshiba Silicones became part of the newly formed company. The sale was completed for a total consideration of $3.8 billion.
On September 13, 2010, Apollo Management LP - the parent holding company of Momentive Performance Materials Inc. and Hexion Specialty Chemicals, Inc., - announced an agreement under which they will merge the companies will under a common holding company, creating a global leader in specialty chemicals and materials.[2]
In April 2011, Momentive Performance filed to raise up to $863 million in an initial public offering.[3]
Momentive at a Glance
■■ 2010 proforma sales of $7.5 billion
■■ 100+ manufacturing facilities
■■ More than 10,000 associates serving 20,000 customers
■■ World headquarters: Columbus, Ohio
Momentive delivers products in the following broad categories:
■■ Acrylic Monomers
■■ Amino Resins
■■ Ceramics
■■ Epoxy Resins
■■ Phenolic Resins
■■ Polyester and Unsaturated Polyester Resins
■■ Quartz
■■ Sealants (Silicone and Acrylic)
■■ Silicones (Elastomers, Engineered Materials, Silanes, Specialty Fluids and Urethane Additives)
■■ Versatic Acid and Derviatives
Momentive is located all around the globe and has offices and plants in several countries including: