Announced
Completed
Financials
Sources
Tags
Italy
masterbatches
Chemicals and Synthetic Fibres
polyamide resins
Majority
Friendly
plastics
additives
Single Bidder
Acquisition
Private
Completed
Synopsis
Ascend Performance Materials, the largest fully integrated producer of polyamide 66 resin, completed the acquisition of Poliblend, an Italy-based manufacturer of plastics and polyamide resins, and Esseti Plast, an Italy-based producer of colored masterbatches and additives. Financial terms were not disclosed. "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," Phil McDivitt, Ascend President and CEO.
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