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Ascend agrees to acquire Formulated Polymers Ltd.

 Last Update: 2022-04-15
 Source: Internet
 Author: User

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On March 30, Ascend Performance Materials has entered into an agreement to acquire the composites business of Formulated Polymers Limited, a leading engineered materials manufacturer in Chennai, India

FPL_plant_crop

The deal includes a world-class manufacturing facility in Chennai as well as warehousing facilities across India

Licensee of Starflam® flame retardant polyamide

A fully integrated producer of durable engineered materials, Ascend has expanded its global production footprint with five acquisitions over the past four years, each of which focuses on specific synergies with the company's core business

John Saunders, Vice President, Europe, Middle East, North Africa and India, Ascend, said: "Customer centricity is a value

The transaction is expected to close on May 1, after obtaining the necessary approvals

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