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As part of its global growth strategy, Ascend Performance Materials has completed its acquisition of Italian firms Poliblend and Esseti Plast. With the purchase, Ascend expands its portfolio into other engineered plastics, recycled resins and masterbatches.
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.
Announced in February 2020, the acquisition was put on hold as COVID-19 cases spiked in Italy and then in the United States.