The companies have agreed not to disclose the purchase price for the transaction. The acquisition includes production facilities and intellectual property rights, as well as a special extrusion process which enables the production of high-performance PET foams with very high densities.
“By expanding our portfolio of sophisticated structural foams, this acquisition will enable BASF to further strengthen its position as a leading foam provider. These PET foams are primarily used in wind turbine rotor blades and will extend our product range for the growing global wind energy market,” explained Dr. Wolfgang Hapke, president of BASF’s Performance Polymers division
PET foams are both temperature- and chemical-resistant. As well as being used in the wind energy sector, high quality PET foam boards are employed in lightweight composite materials that are particularly well-suited for applications in the automotive and aeronautics industries, as well as in shipbuilding.
“The development of specific system solutions and new types of materials plays a decisive role in bringing forward sustainable energy generation. We will benefit from the expertise and synergies resulting from the acquisition of extrusion technology from B.C. Foam,” said Dr. Christian Fischer, president of Advanced Materials & Systems Research at BASF.