BASF, a chemical company, has announced the acquisition of B.C. Foam’s PET foam business. B.C. Foam is headquartered in Volpiano of Italy. Intellectual property rights, production units and a special extrusion method are included in this company acquisition. The process of special extrusion has enabled the high-performance PET foam production with high densities.
According to Dr. Wolfgang Hapke, BASF’s President of Performance Polymers division, BASF is being strengthened to attain the position of a main foam supplier, through this acquisition and expansion of portfolio of complex structural foams. Initially, these PET foams are utilized in rotor blades of wind turbine, and will expand the range of products in order to grow the wind energy market across the world.
PET foams are resistant to chemicals as well as temperature. Besides being employed in the wind energy market, these high-quality PET foams are used in lightweight composite materials, which are suitable for application in aeronautics and automotive industries and also in shipbuilding.
Dr. Christian Fischer, BASF’s President for Advanced Materials & Systems Research stated that the growth of new materials type and specific system solutions is significantly involved in generating sustainable energy. BASF will gain the advantages from the synergies and expertise, as the company purchased B.C. Foam’s extrusion technology.