Momentum Global Ventures has invested in the spin-off of Current Lighting's chemical division, which will operate as Current Chemicals Inc., aiming to enhance innovation in the materials science sector.

Target Information

Momentum Global Ventures, a Dutch entrepreneurial impact investor, has announced its financial backing for the spin-off of Current Lighting's chemical division. This new entity will be known as Current Chemicals Inc. (CCI) and will be managed by Bill Cohen. The transaction facilitates a change in ownership while ensuring continuity under the existing management team.

Current Chemicals Inc. boasts over 70 years of expertise in the production and application of rare earth and luminescent materials. This move aims to enhance CCI's capacity to serve critical high-tech sectors globally, leveraging its vast industry experience and management proficiency.

Industry Overview

The materials science and chemical industry in both the United States and the Netherlands is experiencing significant shifts, driven by advances in technology and increasing demand