M&A Deal Summary

Ascend Performance Materials Acquires FPL

On March 29, 2022, Ascend Performance Materials acquired plastics company FPL

Acquisition Highlights
  • This is Ascend Performance Materials’ 3rd transaction in the Plastics sector.
  • This is Ascend Performance Materials’ 1st transaction in India.

M&A Deal Summary

Date 2022-03-29
Target FPL
Sector Plastics
Buyer(s) Ascend Performance Materials
Deal Type Add-on Acquisition

Target

FPL

Chennai, India
FPL is an engineered materials manufacturer that designs and manufactures an extensive range of Engineering Thermoplastic Compounds and Solutions for a large and diverse market. FPL was founded in 1991 and is based in Chennai, India.

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Buyer(S) 1

Buyer

Ascend Performance Materials

Houston, Texas, United States

Category Company
Founded 2009
Sector Chemicals
Employees3,000
DESCRIPTION

Ascend Performance Materials is a provider of proprietary technologies that are central to the production of nylon, plastics, and synthetic fibers found in thousands of commercial and industrial products, including carpet, tires and apparel, as well as agricultural products, animal feed, and personal care products. Ascend Performance Materials was founded in 2009 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Plastics M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 5
Country: India M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Eurostar Engineering Plastics

Fosses, France

Eurostar Engineering Plastics develops and delivers engineering thermoplastic resins solutions to serve all market segments. The company recognition comes also from its unique know-how in the development and commercialization of halogen-free flame retardant polymers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Circular Polymers

Lincoln, California, United States

Circular Polymers is a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). Circular Polymers was founded in 2022 and is based in Lincoln, California.

Buy -