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Issue 18 2020 - Ascend completes the acquisition of Poliblend and Esseti Plast

 Last Update: 2022-11-12
 Source: Internet
 Author: User

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Ascend completes the acquisition of Poliblend and

Esseti Plast

Ascend Performance Materials has completed the acquisition
of Italian companies Poliblend and Esseti Plast.
With this acquisition, Ascend expands its portfolio to include more engineering plastics, recycled resins and masterbatch products, including the German distribution unit Poliblend Deutschland
.

As part of the acquisition, Ascend established a second production plant
in Europe.
The acquisition was announced in February 2020 but was shelved
due to the pandemic.

Phil McDivitt, President and Chief Executive Officer of Ascend, said, "This acquisition, together with our new compounding facility in China, will enable us to provide local services
to our customers around the world.
We now have production, product development and testing capabilities in North America, Asia and Europe, which allows us to respond to customer needs
at a greater scale.
In addition, products developed for European customers can be quickly replicated and produced globally to meet changing supply chain demands
.
”

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