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Ascend Performance Materials Successfully Emerges from Chapter 11
December 26, 2025
Ascend Performance Materials, a leading producer of high-performance and durable engineered materials for everyday essentials and new technologies, has completed its financial restructuring process and emergence from Chapter 11 bankruptcy protection. The Company’s Plan of Reorganization, confirmed by the U.S. Bankruptcy Court on December 9, 2025, is now effective.
The Pensacola Ascend plant on Old Chemstrand Road continued to operate as usual during the process, and will continue operation under the reorganization plan.
Ascend achieved the objectives it set for this process, including reducing its total long-term debt by approximately $1.3 billion, securing access to a $350 million asset-based credit facility, strengthening its liquidity position through more than $600 million of new capital provided by its new shareholders, and materially lowering its debt service costs, which will the complay says will enable Ascend to reinvest in reliability, efficiency, and long-term growth.
Today marks the final milestone in Ascend’s restructuring process, and we are thrilled to be emerging from Chapter 11 with significantly less debt and a much stronger capital structure,” said Patrick Schumacher, Ascend’s newly appointed CEO. “Thanks to the incredible efforts of our people and the support of our new ownership group, we have strengthened the business and positioned Ascend for future growth. As we move forward, we will increase our investments in reliability and advance our leadership position in nylon resins and engineering thermoplastics.”
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3 Responses to “Ascend Performance Materials Successfully Emerges from Chapter 11”
DuPont never owned that plant, it was started in 1953 as a joint venture between Monsanto and American Viscose to produce nylon, Monsanto took full control in 1963 and kept it until the Aniston Alabam law suits fired up, then they spun it off, about 5 or 6 plants into another company, Solutia, around 1998-1999, Solutia run it well until the c e.o. lost his back bone ,Jeff Quinn, he sold the whole thing to S.K. Capital partners in 2008 , they changed the name to Ascend Performance Materials. The only thing DuPont had to do with it , early on in the beginning, they licensed there nylon, or, an easy way to understand it, they allowed Monsanto to make nylon like they had already been doing.
Good place to have worked.
…really great news for Gonzalez FL…IN 1952 our family moved to Gon
zalez because my dad had been hired by Dupont to build the nylon plant down on the Escambia river…when Dupont started to produce nylon they sold the plant to Chemstrand Corp..later , plant sold to Monsanto ..
I worked at plant in summer of 1964 with Daniel’s construction company ..that year over 7000 folks worked out there..Gonzalez grew …From Manuel Gonzalez in early 1800’s and the James Gonzalez brick mill which was located near Methodist church near RR tracks now CSX…LOTTA HISTORY THERE