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Ascend to Acquire Poliblend and Essenti Plast from D´Ottavio Group
Friday 14 February 2020

14 February 2020 - Texas, US-based Ascend Performance Materials, a producer of polyamide 66 resin, has agreed to purchase the compounding and masterbatch businesses of Poliblend and Esseti Plast GD from D'Ottavio Group to expand European manufacturing and distribution footprint, the company said.
Terms of the transaction were not disclosed. The acquisition is expected to close in 2Q20.
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.
The acquisition provides a broader portfolio of high-performance, sustainable products to meet increasing demand.
Poliblend S.P.A. offers compounding and masterbatch services, including color and additive concentrates that enhance the appeal and end-use performance of plastics products, packaging and fibers.
Ascend Performance Materials is a provider of high-quality plastics, fibers and chemicals and is the world's largest integrated producer of PA66 resin.
Esseti Plast is in the production and sale of colored masterbatches and specific additives.
Details
Date Published: 14/02/2020
Target: Poliblend and Esseti Plast GD/ compounding and masterbatch businesses
Country: Italy
Sector: Chemicals
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: D, ´Ottavio Group
Buyer: Ascend Performance Materials
Comment:
Terms of the deal were not disclosed

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