Sponsored By

Ascend Plans to Acquire Compound Production PlantAscend Plans to Acquire Compound Production Plant

The acquisition of the facility in San Jose Iturbide, Mexico will support the firm’s Engineered Materials busines.

John S. Forrester

December 9, 2021

1 Min Read
Screen Shot 2021-06-11 at 12.06.54 PM.png
Image courtesy of Ascend Performance Materials

Compounds, resins, and chemicals maker Ascend Performance Materials LLC is eying an expansion in the Latin American region through the acquisition of a compound production plant in San Jose Iturbide, Mexico, the firm announced in a release Wednesday.

“We continue to invest in and grow our engineered materials business with a focus on regional production,” Phil McDivitt, the company’s chief executive officer and president, said in a statement. “This acquisition establishes our footprint in Latin America and allows us to produce our world-class materials closer to our global customers.”

The deal will include the assets of DM Color Mexicana, a joint venture between Mitsubishi Corp. and Dainchiseika.

Ascend has increased its global production footprint through four acquisitions over the past 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, senior vice president, Polyamides for Ascend, in the release.

The parties expect the transaction to close in the second quarter of 2022.

Ascend said in June that it increased the capacity of its Greenwood, SC manufacturing plant during a multi-million-dollar project to boost production of HiDura long-chain polyamides.

About the Author(s)

John S. Forrester

former Managing Editor, Powder & Bulk Solids

John S. Forrester is the former managing editor of Powder & Bulk Solids.

Sign up for the Powder & Bulk Solids Weekly newsletter.

You May Also Like