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Ascensus Specialties Expands Production at Elma, Washington Manufacturing Complex

04/09/2018
Ascensus Specialties, a Wind Point Partners portfolio company, is expanding production capacity at its manufacturing plant in Elma, Washington.

According to company officials, when completed the operational enhancements will boost production capacity by more than 15%. In addition to expanding its production capacity, the company is also investing in additional supply chain and information technology leadership.

The investment represents the second capacity upgrade since the Elma facility started operations in 1976. Scheduled to be fully operational and serving customers by the end of 2018, company officials said the investments are being driven by growing demand for sodium borohydride from customers around the globe. Sold under the VENPURE brand name, SBH manufactured by Ascensus is used as a reducing agent in pharmaceutical synthesis processes.

VENPURE is also used to purify and protect products and assets in diverse end use markets. “With growing demand for our products in high value markets around the world, the expanded production capacity will be critical to meeting existing and emerging customer demand for SBH,” said Ascensus Specialties CEO Michael W. Huff.

The new investments reflect a promising business outlook for the Elma plant and the Grays Harbor community, Jim Beerbower, Elma Site Director at Ascensus Specialties explained. “We are thrilled to once again be the focus of a growth business and look forward to delivering this project and driving the optimization of the new asset to support customers,” he said. Ascensus Specialties is the world’s leading producer of SBH.

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