NetComposites
Thermwood

Gurit Acquires BASF PET Business

06 December 2016

Gurit has announced its acquisition of BASF`s PET structural foam business for an undisclosed purchase price.

According to Gurit, the transaction comprises BASF’s PET operations in Italy, including its staff, operating assets and product IP in the form of an asset deal.

Gurit says that this acquisition will strengthen its structural core material product range and add a sizeable European-based PET production capacity to its existing PET operations in China. The Kerdyn product brand will reinforce its PET product offering to the wind, marine, transport and construction industry. Additionally, Gurit explains that it will gain significant extrusion process technology and product innovation know-how.

Located in Volpiano, Italy, the BASF PET business generated a low single digit million Swiss Francs turnover in 2016. Gurit intends to integrate and further develop the new PET operations as part of its Composite Materials business unit.

"We would like to welcome the BASF team in Volpiano to Gurit and look forward to dynamically developing the site and business together," says Rudolf Hadorn, CEO of Gurit.

 





Share this story


Related / You might like...

Composite Integration Appoints Distributor in India

Composite Integration are excited to announce it has appointed TrioBotics Automation Solutions as their official distributor in India with immediate effect.

NETZSCH and USQ Join in Research Partnership to Advance Automated Composite Manufacturing

Accepting challenges and creating solutions - these are the goals of NETZSCH Research Partnerships.

AMRC Works With Prodrive to Accelerate Composites Recycling Challenge

One of the most respected and successful names in motorsport is working with lightweighting and materials researchers at the AMRC to advance its processes for manufacturing recyclable composite components that extend useful lifetimes and reduce tooling costs.