Overname vergroot het portfolio en de productievoetafdruk van Ascend

HOUSTON– (BUSINESS WIRE) – Als onderdeel van zijn wereldwijde groeistrategie heeft Ascend Performance Materials de overname van de Italiaanse bedrijven Poliblend en Esseti Plast afgerond. Met deze aankoop breidt Ascend zijn portfolio uit met andere technische kunststoffen, gerecyclede harsen en masterbatches.

“Poliblend en Esseti Plast vullen onze huidige activiteiten uitzonderlijk goed aan”, zegt John Saunders, Vice President Europa van Ascend. “Onze ervaring als een grootschalige, volledig geïntegreerde polyamide 66-fabrikant in combinatie met Poliblend’s portfolio van gerecycled en nieuw PA66, PA6 en POM, en Esseti Plast’s uitgebreide masterbatch-operaties zullen onze klanten meer keuzes bieden voor hoogwaardige, hoogwaardige materialen op wereldschaal. . ”

Als onderdeel van de aankoop vestigt Ascend zijn tweede productiefaciliteit in Europa. De overname omvat ook Poliblend Deutschland, een distributiefaciliteit in Duitsland.

“Deze overname, in combinatie met onze nieuwe bereidingsfaciliteit in China, zal ons in staat stellen onze klanten lokaal over de hele wereld te bedienen”, zegt Phil McDivitt, de president en CEO van Ascend. “We hebben nu productie-, productontwikkelings- en testcapaciteiten in Noord-Amerika, Azië en Europa, waardoor we extra schaalgrootte hebben om op onze klanten te reageren. Bovendien kan een product dat is ontwikkeld voor een klant in Europa snel worden gerepliceerd en over de hele wereld worden geproduceerd om aan de veranderende behoeften van de toeleveringsketen te voldoen. ”

Ascend Completes Purchase of Poliblend and Esseti Plast

Acquisition expands Ascend’s portfolio and production footprint

HOUSTON–(BUSINESS WIRE)– As part of its global growth strategy, Ascend Performance Materials has completed its acquisition of Italian firms Poliblend and Esseti Plast. With this purchase, Ascend expands its portfolio into other engineered plastics, recycled resins and masterbatches.

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Ascend Performance Materials recently closed the acquisition on Poliblend and Esseti Plast, both based in Mozzate, Italy. (Graphic: Business Wire)

“Poliblend and Esseti Plast complement our current business exceptionally well,” said John Saunders, Ascend’s vice president of Europe. “Our experience as a large-scale, fully integrated polyamide 66 manufacturer coupled with Poliblend’s portfolio of recycled and virgin PA66, PA6 and POM, and Esseti Plast’s extensive masterbatch operations will offer our customers more choices for quality, high performance materials on a global scale.”

As part of the purchase, Ascend establishes its second production facility in Europe. The acquisition also includes Poliblend Deutschland, a distribution facility located in Germany.

“This acquisition, coupled with our new compounding facility in China, will allow us to serve our customers locally around the globe,” Phil McDivitt, Ascend’s president and CEO. “We now have production, product development and testing capabilities in North America, Asia and Europe, giving us additional scale to respond to our customers. Furthermore, a product developed for a customer in Europe can be quickly replicated and produced across the globe to meet shifting supply chain needs.”

Announced in February 2020, the acquisition was put on hold as COVID-19 cases spiked in Italy and then in the United States. “I am extremely grateful to Poliblend’s leadership and our team in Europe for navigating unprecedented circumstances to ensure this deal closed,” said McDivitt. “The safety and health of our people is our highest priority.”

About Ascend Performance Materials

Ascend Performance Materials makes high-performance materials for everyday essentials and new technologies. Our focus is on improving quality of life and inspiring a better tomorrow through innovation. Based in Houston, Texas, and with regional offices in Shanghai, Brussels and Detroit, we are a fully integrated material solutions provider with eight global manufacturing facilities in the United States, Europe and China. Our 2,600-person global workforce makes the plastics, fabrics, fibers and chemicals used to make safer vehicles, cleaner energy, better medical devices, smarter appliances and longer-lasting apparel and consumer goods. We are committed to safety, sustainability and the success of our customers and our communities.

Find out more about Ascend at www.ascendmaterials.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200903005308/en/

Contacts

Alison Jahn, +1 713-210-9809, ajahn@ascendmaterials.com