COLUMBUS, Ohio–(BUSINESS WIRE)–Momentive Specialty Chemicals Inc., and PCCR USA, Inc., announce today that the companies have signed a definitive agreement for Momentive to sell 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. Advisors to Momentive on the transaction are The PrinceRidge Group LLC as transaction advisor, and O’Melveny & Myers LLP as legal advisor.
