The company is an engineering thermoplastics compounding and tolling company specializing in the production of proprietary nylon compounds. Itâ€™s certifications include ISO 9001 and TS 16949. BTP was founded in 2006 by Andrew Leigh. The acquisition provides Ascend with a leading engineering plastics manufacturing base in Europe and an expansion to its growing portfolio of proprietary compounds.
BTPâ€™s employees will transition immediately to Ascend. Leigh will join Ascendâ€™s global management team as director of compounding technology. Leigh said that, â€œThis is an exciting chapter for both companies,â€ Also, â€œWe look forward to expanding Ascendâ€™s reach and gaining world-class operational management.â€
John Saunders, Ascendâ€™s European leader said that, â€œThis purchase will allow us to better serve our European customers and expand our compounding capacity and capabilities,â€ He also added that, â€œWe 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.â€
The largest global fully integrated producer of nylon 6,6 resin, Ascend Performance Materials, announced the purchase of an engineering plastics compounder based in the Netherlands, known as Britannia Techno Polymer (BTP).
Phil McDivitt, president and CEO of Ascend commented that, â€œOur 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,â€ Also, â€œMost 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.â€
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