Ascend to expand compound production to Latin America
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.
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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
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