Ascend to expand compound production to Latin America
HOUSTON – December 8, 2021 – Ascend Performance Materials has announced
plans to purchase a compounding facility in San Jose Iturbide, Mexico, growing its
global footprint and expanding production capacity for high-performance engineered
materials.
The purchase agreement includes the assets of DM Color Mexicana, a joint venture
between Dainichiseika and Mitsubishi Corp. The deal is expected to close in the
second quarter of 2022.
“We continue to invest in and grow our engineered materials business with a focus
on regional production,” said Phil McDivitt, Ascend’s president and CEO. “This
acquisition establishes our footprint in Latin America and allows us to produce our
world-class materials closer to our global customers.”
Ascend, a fully integrated producer of durable engineered materials, has grown its
global production footprint with four acquisitions over the last three years.
“We remain committed to supporting our customers’ growth and innovation through
continued investments in our global manufacturing footprint, the development of new
materials and enhanced technical services and support,” said Isaac Khalil, Ascend’s
senior vice president for polyamides.
Details of the deal were not disclosed.
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 nine 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.
Learn more about Ascend at www.ascendmaterials.com.
Disclaimer
Although the information and recommendations set forth herein (hereinafter “Information”) are presented in good faith and
believed to be correct as of the date hereof, Ascend Performance Materials Operations LLC makes no representations or
warranties as to the completeness or accuracy thereof. The full disclaimer of warranty and liability can be found at
ascendmaterials.com/disclaimer.
This press release can be downloaded from www.PressReleaseFinder.com.
For further information:
Ascend Performance Materials
Alison Jahn
Tel: +1 713 210 9809
Email: ajahn@ascendmaterials.com
For editorial inquiries and clippings:
EMG
Rita Verschuuren
Tel: +31 164 317 024
Email: rverschuuren@emg-marcom.com
