Closing for the aquisition of the aftermarket coatings business is expected to occur in the third quarter, and is subject to regulatory approval and other customary closing conditions.
"We are excited to fully bring Momentive into the broader KCC Corporation and anticipate a positive impact with the ownership change as we shift from a private equity mindset to a more strategic and long-term approach," said Momentive President and CEO Sam Conzone, Ph.D.
In 2023, Cathay Industries, a global iron oxide pigment manufacturer, unveiled its new name, OXERRA, along with its new brand identity, after completing the acquisition of Venator's color business. In this exclusive PCI interview, OXERRA Americas’ CEO discusses the combined businesses, the rebrand, what’s driving R&D, and what’s next for the company.
The company has acquired 50.1% of distribution company Losi Group, a solutions provider for bonding composite materials and surface technologies for the aerospace industry, defense sector, MRO, motorsport, and the high-tech automotive industry.
The expansion includes three distributors and enlarges the distributors’ portfolios into the coatings, adhesives, sealants and elastomer (CASE), and other building materials markets following a recent acquisition by the company.
With the Merichem Company advised by Grace Matthews, collectively-renamed Merichem Technologies will now be a global provider of sulfur treating technologies and solutions and a suite of proprietary chemical catalysts.
