PR93564

HOUSTON, Dec. 9, 2021 /PRNewswire=KYODO JBN/ --

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.

Logo - https://mma.prnewswire.com/media/1326397/ASCEND_Logo.jpg  

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 engineered materials, 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, inclusion and diversity, and to the success of our customers

and our communities.

Learn more about Ascend at www.ascendmaterials.com.

Contact: Alison Jahn, +1 713-210-9809

ajahn@ascendmaterials.com

SOURCE  Ascend Performance Materials