02 March 2012 14:24 [Source: ICIS news]
LONDON (ICIS)--BASF has bought Italian company BC Foam’s polyethylene terephthalate (PET) foam business, to strengthen its position in the global wind energy market, the German chemical major said on Friday.
BASF said the acquisition includes production facilities and intellectual property rights, as well as a special extrusion process that enables the production of high-performance PET foams with very high densities.
They are used in marine, aeronautics, automotive, wind energy and other special applications.
“By expanding our portfolio of sophisticated structural foams, this acquisition will enable BASF to further strengthen its position as a leading foam provider,” said Wolfgang Hapke, president of BASF’s performance polymers division.
“These PET foams are primarily used in wind turbine rotor blades and will extend our product range for the growing global wind energy market,” Hapke added.
Financial details of the acquisition were not disclosed.
BC Foam has 12 employees and is headquartered in Volpiano, near ?xml:namespace>
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