HOUSTON – February 13, 2020 – Ascend Performance Materials, the largest fully
integrated producer of polyamide 66 resin, announced today it signed an agreement
to purchase Poliblend and Esseti Plast GD from D’Ottavio Group. The acquisition
includes a manufacturing facility in Mozzate, Italy, the masterbatch portfolio of Esseti
Plast GD and the engineering plastics portfolio of Poliblend, which consists of virgin
and recycled grades of PA66, PA6, PBT and POM.
“This strategic acquisition marks an important transformation for our company as we
grow our European manufacturing and distribution footprint. More importantly, it
helps us provide our customers with a broader portfolio of high-performance,
sustainable products to meet increasing demand,” said Phil McDivitt, Ascend’s
president and CEO.
Poliblend was founded in 1999 and offers compounding and masterbatch services,
including color and additive concentrates that enhance the appeal and end-use
performance of plastics products, packaging and fibers. Its certifications include ISO
9001, ISO 14001 and ISO TS 16949.
“The ability to offer our sustainable products in an ever-changing global business
environment is a game changer for Ascend,” said John Saunders, Ascend’s
European leader.
Giancarlo D’Ottavio, Poliblend’s president, will continue to run Poliblend’s operations
and join Ascend’s European management team.
“This is an exciting chapter for Poliblend. Combining the shared expertise of our
companies creates opportunities to expand our reach while continuing to provide the
high-quality products and service that our customers have come to trust,” said
D’Ottavio.
Terms of the transaction were not disclosed. The acquisition is expected to close in
the second quarter.
About Ascend Performance Materials
Ascend Performance Materials is a global premium provider of high-quality plastics, fibers and chemicals and is the world’s
largest integrated producer of PA66 resin. Headquartered in Houston, Texas, Ascend has nine global locations, including five
fully-integrated manufacturing facilities located in the southeastern United States and an engineering plastics compounding
facility in Europe, all dedicated to the innovation and safe production of nylon 6,6. With three of the world’s largest chemical
processing facilities, Ascend’s materials form the building blocks for products used in everyday applications from apparel to
airbags, cable ties to circuit boards and carpets to car parts. Ascend’s 2,500-person global workforce is committed to making a
difference in the communities we serve and leading the development of nylon 6,6 solutions that inspire everyone, everywhere,
every day.
Together, we’re making a difference.
Together, we’re inspiring everyday.
More information about Ascend can be found at www.ascendmaterials.com.
About Poliblend and Esseti Plast
Poliblend S.P.A. manufactures and markets various basic technopolymers (PA-PBT-POM), elastomerized, reinforced and
loaded compounds, self-extinguishing, lubricated for the global market.
With a large fleet of dedicated extruders, Esseti Plast is a leader in the production and sale of colored masterbatches and
specific additives.
More information about Poliblend can be found at www.poliblend.it/it/chi-siamo.
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.
©2020 Ascend Performance Materials Operations LLC. The Ascend Performance Materials and Vydyne marks and logos are
trademarks or registered trademarks of Ascend Performance Materials Operations LLC.
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For further information:
Ascend Performance Materials
Alison Jahn
Tel: +1 713 315 5739
Email: ajahn@ascendmaterials.com
For editorial inquiries and clippings:
EMG
Rita Verschuuren
Tel: +31 164 317 024
Email: rverschuuren@emg-marcom.com
