Momentive Specialty Chemicals Completes Sale of North American Composites and Coatings Business

07 June 2011

Momentive Specialty Chemicals has completed the sale of its North American composites and coating resins business to PCCR USA, a subsidiary of Investindustrial, a European investment group with operations in specialty chemicals, resins and intermediates.

The business includes manufacturing locations in Carpentersville, Illinois, Ennis, Texas, Forest Park, Georgia, and Lynwood, California. The business has annual sales of approximately $230 million and employs 225 associates.

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