Ascend’s European acquisitions give it supply chain clout
Ascend, which was set up in 2006, makes nylon 6.6 polymer that is the basis for yarns that are used to make circular and warp-knitted fabrics, used by the sportswear industry.
John Saunders, Ascend’s vice president of Europe, said: “Our experience as a large-scale, fully integrated polyamide 6.6 manufacturer coupled with Poliblend’s portfolio of recycled and virgin PA66, PA6 and POM and Esseti Plast’s extensive masterbatch operations will offer our customers more choices for quality, high performance materials on a global scale.”
As part of the purchase, Ascend establishes its second production facility in Europe. The acquisition also includes Poliblend Deutschland, a distribution facility located in Germany.
Phil McDivitt, Ascend’s CEO, added: “We now have production, product development and testing capabilities in North America, Asia and Europe, giving us additional scale to respond to our customers. Furthermore, a product developed for a customer in Europe can be quickly replicated and produced across the globe to meet shifting supply chain needs.”
In 2018, Ascend bought Britannia Techno Polymer, an engineering plastics compounder based in the Netherlands.
