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WILTON, Conn. - Momentive Performance Materials Inc., the new company created by the sale of GE’s Advanced Materials business to Apollo Management, L.P., will operate as one global entity focused on technology and service excellence in the silicones, quartz and ceramics industries.
WILTON, Conn. - Momentive Performance Materials Inc., the new company created by the sale of GE’s Advanced Materials business to Apollo Management, L.P., will operate as one global entity focused on technology and service excellence in the silicones, quartz and ceramics industries. The acquisition, which was completed for $3.8 billion, represents another brand added to Apollo’s portfolio of chemical businesses.
The former GE Advanced Materials management team members, led by President and CEO Wayne Hewett, will continue in their roles in the new business. In addition, the former joint ventures GE Bayer Silicones and GE Toshiba Silicones, their employees and their management team are now part of Momentive Performance Materials.
WILTON, Conn. - Momentive Performance Materials Inc., the new company created by the sale of GE’s Advanced Materials business to Apollo Management, L.P., will operate as one global entity focused on technology and service excellence in the silicones, quartz and ceramics industries. The acquisition, which was completed for $3.8 billion, represents another brand added to Apollo’s portfolio of chemical businesses.
The former GE Advanced Materials management team members, led by President and CEO Wayne Hewett, will continue in their roles in the new business. In addition, the former joint ventures GE Bayer Silicones and GE Toshiba Silicones, their employees and their management team are now part of Momentive Performance Materials.
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