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People & Business :: Companies

Momentive Gains Critical Mass

12:27 PM MST | January 21, 2008 | Nancy Seewald

Momentive Performance Materials (Wilton, CT) is in the “first inning” of building a global silicones enterprise following its acquisition by Apollo Management (New York) last year, says president and CEO Jonathan Rich. Momentive, the former GE Advanced Materials business, once comprised three separate companies: GE Bayer Silicones, a 50-50 joint venture between GE and Bayer; GE Toshiba Silicones, a jv between GE and Toshiba; and GE Silicones. GE bought out Bayer and Toshiba’s stakes in preparation for its sale to Apollo. GE still holds a 10%...

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