Ascend to Purchase Compounding Facility in Latin America
HOUSTON – Ascend Performance Materials announced plans to purchase a compounding facility in San Jose Iturbide, Mexico. The purchase will increase the company’s global footprint and expand its production capacity for high-performance engineered materials. Details of the deal were not disclosed.
The purchase agreement includes the assets of DM Color Mexicana, a joint venture between Dainichiseika and Mitsubishi Corp. The deal is expected to close in the second quarter of 2022.