-- Acquisition will expand Ascend's flame-retardant portfolio and European 
footprint

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. 

Photo - 
https://mma.prnewswire.com/media/1394381/Ascend_Eurostar_acquisition.jpg 

"Eurostar's experience in compounded polyamides fits well within our own 
portfolio and manufacturing capabilities," said John Saunders, Ascend's vice 
president for Europe. "Their Starflam(R) materials are enabling the transitions 
to clean energy and transportation, and smarter devices."

Last year, Ascend acquired the Italian firms Poliblend and Esseti Plast, as 
well as a compounding facility in China. 

"We are following through on our strategy of becoming a more global, 
diversified and reliable supplier to our customers," said Phil McDivitt, 
Ascend's 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, the world's largest fully integrated producer of polyamide 66 resin, 
gains a full portfolio of UL yellow card certified flame-retardant, as well as 
water contact and thermally conductive, engineered plastics with the purchase. 
The company has said these materials will play an integral role in e-mobility, 
as well as in smart appliances, industrial automation and consumer electronics. 

"Combining our portfolio and application development expertise with Eurostar's 
portfolio immediately provides our customers with a bigger toolchest to produce 
safer, more reliable parts at higher and more constant voltage loads," said 
Steve Manning, Ascend's senior director for engineered plastics. "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."

Neither company disclosed the cost of the purchase.

About Ascend Performance Materials
Ascend Performance Materials makes high-performance materials for everyday 
essentials and new technologies. Our focus is on improving quality of life and 
inspiring a better tomorrow through innovation. Based in Houston, Texas, and 
with regional offices in Shanghai, Brussels and Detroit, we are a fully 
integrated material solutions provider with nine global manufacturing 
facilities in the United States, Europe and China. Our 2,600-person global 
workforce makes the plastics, fabrics, fibers and chemicals used to make safer 
vehicles, cleaner energy, better medical devices, smarter appliances and 
longer-lasting apparel and consumer goods. We are committed to safety, 
sustainability and the success of our customers and our communities. 

Find out more about Ascend at www.ascendmaterials.com.

Contact: Alison Jahn, +1 713-210-9809, ajahn@ascendmaterials.com 

SOURCE Ascend Performance Materials