MAIN

Mediakit 2020


 NEWSPLASTINFO : NEWS
 

Ascend to purchase compounding and masterbatch businesses of Poliblend and Esseti Plast

 |  Subj: Press-releses

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 DOttavio 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, Ascends 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, Ascends European leader.

Giancarlo DOttavio, Poliblends president, will continue to run Poliblends operations and join Ascends 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 DOttavio.

Terms of the transaction were not disclosed. The acquisition is expected to close in the second quarter.


Previous news


© 2002—2020 PLASTINFO