Ascend Performance Materials Is A Producer Of High Performance Engineered Materials Based In Houstonthe Company Manufactures Durable Materials That Serve Various Global Industriesfocusing On Applications In Consumer Goodsindustrial Processesand Emerging Technologiesascend Caters To Nearly 1 650 Customers Worldwideemphasizing Innovation In Materials That Enhance Product Performance And Sustainability Recentlyascend Initiated Chapter 11 Restructuring To Strengthen Its Financial Position And Reduce Debt While Maintaining Operationsthe Company Has Secured $250 Million In Debtor In Possession Financing To Ensure Liquidity During This Processascend Aims To Emerge As A Well Capitalized Business Within Six Monthswith A Commitment To Uninterrupted Service For Its Existing Customers Throughout The Restructuring
