Momentive Performance Materials Inc. -- Heralded Industry Leaders Become Global Specialty Materials Company.

(From Hugin)

New Company Created by Joining Units From GE, Toshiba and Bayer WILTON, Conn., Dec. 4, 2006 (PRIME NEWSWIRE) -- 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 yesterday for $3.8 billion, represents another stellar brand added to Apollo's strong portfolio of chemical businesses. The former GE Advanced Materials management team, led by president and CEO Wayne Hewett, will continue in their roles in the …