Ascend Performance Materials, a international producer of nylon 6,6 resin, announced recently the acquisition of Britannia Techno Polymer (BTP), an engineering plastics compounder based in the Netherlands.
The transaction will give Ascend a leading engineering plastics manufacturing base in Europe and an opportunity to expand its growing portfolio of proprietary compounds.
“Our new partnership with BTP provides Ascend with a sixth manufacturing location and a dedicated footprint for serving our customers throughout Europe with enhanced compounding capabilities and broader application development expertise,” said Phil McDivitt, president and CEO of Ascend. “Most importantly, BTP shares our commitment to safety, quality, innovation and customer service. Together, we will expand our offerings and continue to provide the levels of reliability and technical service customers have come to trust.”
Founded in 2006 by Andrew Leigh, BTP is an engineering thermoplastics compounding and tolling company that specialises in the production of proprietary nylon compounds. Its certifications include ISO 9001 and TS 16949.
“This purchase will allow us to better serve our European customers and expand our compounding capacity and capabilities,” said John Saunders, Ascend’s European leader. “We have a long relationship with BTP and look forward to realizing greater operational efficiency and experience. We are excited to have Andy Leigh and the BTP team join Ascend.”
BTP’s employees will integrate immediately into Ascend. Leigh will join Ascend’s global management team as director of compounding technology.
“This is an exciting chapter for both companies,” said Leigh. “We look forward to expanding Ascend’s reach and gaining world-class operational management.”