Momentive was formed in October 2010 through the combination of the parent holding companies of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals Inc.). Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Momentive uses its technology portfolio to deliver tailored solutions to meet the diverse needs of customers around the world.
Momentive Performance Materials Holdings LLC is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC.
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
About Momentive Performance Materials Inc.
Based in Waterford, New York, Momentive Performance Materials Inc. is a global leader in silicones and advanced materials, with a 70-year heritage of being first to market with performance applications for major industries that support and improve everyday life. The company delivers science-based solutions by linking custom technology platforms to opportunities for customers.
Momentive Performance Materials Inc. and its subsidiaries have voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code to implement a “pre-arranged” balance sheet restructuring plan. MPM’s operations outside the U.S. are not included in the Chapter 11 proceedings. MPM expects to continue to place orders and receive goods and services as usual. Importantly, MPM intends to pay suppliers for all goods and services received after April 13, the date of MPM’s Chapter 11 filing, under normal terms.
These proceedings relate solely to MPM and do not involve Momentive Specialty Chemicals Inc.
Learn more at www.momentive.com/mpmrestructuring