Ascend Performance Materials has purchased Eurostar Engineering Plastics, a compounder based in Fosses, France. Eurostar’s broad portfolio of flame-retardant engineered plastics and expertise in halogen-free formulations “fit well within” its portfolio and manufacturing capabilities, said Ascend Performance. The Houston-based company is a global provider of high-quality plastics, fibers, and chemicals, and is reportedly the largest producer of PA66 resin. The terms of the transaction were not disclosed.
“We are following through on our strategy of becoming a more global, diversified, and reliable supplier to our customers,” said Phil McDivitt, Ascend Performance President and CEO. “While the past 10 months have been challenging, we have remained focused on providing our customers with the solutions and support they need to continue growing.”
Ascend Peformance Materials is a fully integrated producer of polyamide 66 resin, and through the purchase it gains a full portfolio of UL yellow card–certified flame-retardant materials, as well as water-contact and thermally conductive engineered plastics. These materials will play an integral role in e-mobility as well as smart appliances, industrial automation, and consumer electronics, according to Ascend.
Ascend’s Senior Director for Engineered Plastics Steve Manning said, “Across sectors we are seeing increased demand for higher performance materials, and Eurostar’s portfolio already meets not only today’s technical specifications, but also many of tomorrow’s.”
