Ascend buys Poliblend and Esseti Plast makeup and masterbatch companies
14 February 2020
Ascend Performance Materials, the largest fully integrated producer of polyamide resin 66, today announced that it has signed a contract to buy Poliblend and Esseti Plast GD from D'Ottavio Group. The acquisition includes a manufacturing facility in Mozzate, Italy, the Esseti Plast GD masterbatch portfolio and Poliblend's engineering plastics portfolio, which consists of virgin and recycled types of PA66, PA6, PBT and POM.
“This strategic acquisition marks an important transformation for our company, as we increase our presence in manufacturing and distribution in Europe. Most importantly, it helps us provide our customers with a broader portfolio of sustainable, high-performance products to meet growing demand, "said Phil McDivitt, President and CEO of Ascend.
Poliblend was founded in 1999 and offers composition and masterbatch services, including color concentrates and additives that enhance the appeal and performance in the end use of plastic products, packaging and fibers. Their 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 watershed for Ascend," said John Saunders, Ascend's European leader.
Giancarlo D'Ottavio, president of Poliblend, will continue to manage Poliblend's operations and will join Ascend's European management team.
“This is an exciting chapter for Poliblend. The combination of our companies' shared knowledge creates opportunities to expand our reach, while continuing to provide high quality products and services that our customers trust, ”said D'Ottavio.
The terms of the transaction were not disclosed. The acquisition is expected to close in the second quarter.
About Ascend Performance Materials
Ascend Performance Materials is a global premium supplier of high quality plastics, fibers and chemicals, and the largest integrated producer of PA66 resin. Headquartered in Houston, Texas, Ascend has nine global units, including five fully integrated manufacturing units located in the southeastern United States and one engineering plastic compounds unit in Europe, all dedicated to innovation and safe production. With three of the largest chemical processing units in the world, Ascend materials form elements present in products used in daily applications, from clothing and airbags to armbands, circuit boards, carpets and auto parts. At 2.
About Poliblend and Esseti Plast
Poliblend SPA manufactures and markets several basic technopolymers (PA-PBT-POM), elastomerized, reinforced and loaded compounds, self-extinguishing, lubricated for the global market.
With a large fleet of dedicated extruders, Esseti Plast is a leader in the production and sale of colored masterbatches and specific additives.
More information about Poliblend can be found at https://www.poliblend.it/it/chi-siamo .
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For more information:
Ascend Performance Materials
Alison Jahn, vice president of global communications
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