BASF says it is expanding its portfolio for wind power with the acquisition of the PET form business of B.C. Foam.
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, says BASF.
“By expanding our portfolio of sophisticated structural foams, this acquisition will enable BASF to further strengthen its position as a leading foam provider,” Dr Wolfgang Hapke, president of BASF's Performance Polymers division, said in a statement. “These PET foams are primarily used in wind turbine rotor blades and will extend our product range for the growing global wind energy market.”
The companies did not disclose any financial information.