# Ascend Performance Materials to acquire compounding facility in Mexico

Ascend Performance Materials announced plans to purchase a compounding facility in San Jose Iturbide, Mexico, from DM Color Mexicana (a joint venture of Dainichiseika and Mitsubishi Corp). The deal is expected to close in Q2 2022.

- Type: Acquisition
- Announced: 2021-12-08
- Where: San Jose Iturbide, Mexico, Mexico
- Status: announced
- Products: high-performance engineered materials, polyamides
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (partner)
- [Ascend Performance Materials](https://endata.com/companies/26329.md) (acquirer)
- [DM Color Mexicana](https://endata.com/companies/59554.md) (target)
- [Dainichiseika](https://endata.com/companies/59555.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/ascend-to-expand-compound-production-to-latin-america-800343503.html), 2021-12-08: "This acquisition establishes our footprint in Latin America and allows us to produce our world-class materials closer to our global customers."
- [plasticstoday.com](https://www.plasticstoday.com/compounding/ascend-to-expand-compound-production-to-latin-america), 2021-12-10: "This acquisition establishes our footprint in Latin America and allows us to produce our world-class materials closer to our global customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.