Based in Pune, India, Prescient is a leading Indian producer of textile and specialty masterbatches in several attractive niche applications, including synthetic fibers. The acquisition complements Americhem's position in the global synthetic fiber market and expands its geographic reach in a high growth region.

Why Prescient is a natural fit for Americhem:

• Prescient has built a premier reputation
• Prescient has strong customer relationships
• Prescient offers best-in-class fiber development technology
• Prescient expands Americhem's global reach and technical expertise

"Prescient's operating model and core values align with Americhem's. We will continue to build upon our key attributes: Performance, Solutions, and Trust. We are delighted to have Prescient join the Americhem family, and welcome Prescient employees to the Americhem team,"
- Matthew Hellstern, CEO, Americhem.

"We are proud to have found a company like Americhem, a best in class supplier of polymer solutions. I am very excited for Prescient's customers and employees alike. Our customers will benefit by having access to new innovative technologies, and our employees' futures will continue to expand and thrive as part of the global Americhem family,"
- Rohit Rathi, Prescient Managing Director