Ascend on the acquisition trail again
US-based polyamide 6.6 manufacturer Ascend Performance Materials has purchased Eurostar Engineering Plastics, a France-based compounder with a broad portfolio of flame-retardant engineered plastics and expertise in halogen-free formulations.
Last year, Ascend acquired the Italian firms Poliblend and Esseti Plast, as well as a compounding facility in China.
Ascend’s vice-president for Europe, John Saunders, said Eurostar’s experience in compounded polyamides was a good fit with the group’s portfolio and manufacturing capabilities.
Neither company disclosed the cost of the purchase.