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World-renowned PA66 product manufacturer announces its first acquisition in China

 Last Update: 2022-08-23
 Source: Internet
 Author: User

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On June 11, 2020, Ascend Performance Materials, a world-renowned large-scale integrated PA66 product series manufacturer, announced that it had signed an agreement to acquire Changshu Hesbit New Materials Co.
, Ltd.
, Tehe Engineering Plastics ( All assets of Suzhou) Co.
,

Ltd.

This acquisition implements Ascend's global layout and local development strategy

Phil McDivitt, President and CEO of Ascend, said: "This acquisition is designed to enhance Ascend's localization capabilities to better meet the growing needs of our customers in Asia and future business development, demonstrating our commitment to our customers.
A long-term commitment to provide superior products and services and confidence in the Asian market

Cheng Feng, Secretary of the Party Working Committee of Yushan High-tech Industrial Development Zone, Changshu, Jiangsu Province, delivered a speech at the signing ceremony

Ascend Global Senior Vice President and Asia Pacific Managing Director Dr.
Wu Xianliang delivered a speech at the signing ceremony

Terms of the acquisition were not disclosed and are expected to close in August

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