“Poliblend and Esseti Plast enhance our present-day business exceptionally effectively,” said John Saunders, Ascend’s vice president of Europe. “Our knowledge as a massive-scale, completely integrated polyamide 66 company coupled with Poliblend’s portfolio of recycled and virgin PA66, PA6 and POM, and Esseti Plast’s intensive masterbatch functions will offer our shoppers extra choices for good quality, high performance materials on a world wide scale.”
As part of the acquire, Ascend has proven its second output facility in Europe.
“This acquisition, coupled with our new compounding facility in China, will allow for us to serve our shoppers domestically all over the world,” said Phil McDivitt, Ascend’s president and CEO. “We now have output, merchandise progress and screening abilities in North The usa, Asia and Europe, offering us additional scale to respond to our shoppers. Moreover, a merchandise designed for a shopper in Europe can be swiftly replicated and generated across the world to satisfy shifting offer chain desires.”
Announced in February 2020, the acquisition was set on maintain as COVID-19 instances spiked in Italy and then in the United States. “I am extremely grateful to Poliblend’s management and our team in Europe for navigating unparalleled conditions to ensure this deal closed,” said McDivitt. “The basic safety and overall health of our people is our greatest priority.”
Ascend Overall performance Products makes high-performance materials for everyday essentials and new technologies. Its concentration is on strengthening good quality of everyday living and inspiring a greater tomorrow by means of innovation. Primarily based in Houston, Texas, and with regional workplaces in Shanghai, Brussels and Detroit, the firm is a completely integrated content options supplier with eight world wide production services in the United States, Europe and China.
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As part of its world wide development system, Ascend Overall performance Products has completed acquisition of Italian firms Poliblend and Esseti Plast. With this, Ascend has expanded its portfolio into other engineered plastics, recycled resins and masterbatches. The acquisition also includes Poliblend Deutschland, a distribution facility situated in Germany.