Follow us at  twitter

Gurit has acquired BASF`s PET structural foam business for an undisclosed purchase price. The transaction comprises BASF`s PET operations in Italy, including its staff, operating assets and product IP in the form of an asset deal.

This acquisition will strengthen Gurit`s structural core material product range and add European-based PET production capacity to the company`s existing PET operations in China. The Kerdyn product brand will reinforce Gurit`s PET product offering to the wind, marine, transport and construction industry. 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

Joomla SEF URLs by Artio