 "Gurit buys BASF's PET structural foam business")
Switzerland-based composite materials maker Gurit has acquired BASF’s PET structural foam business for an undisclosed amount. 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 a sizeable 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. Additionally, Gurit 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.
The companies of Gurit Holding AG are specialised on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fibre reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials on the one hand and composite tooling equipment, structural engineering and select finished parts on the other. The group has production sites and offices in Switzerland, Germany, Hungary, Italy, Spain, the UK, Poland, Canada, the US, Brazil, Ecuador, Australia, New Zealand, India and China.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%