Gurit today announced that it has acquired BASF`s PET structural foam business for an undisclosed purchase price.
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.
“We would like to welcome the BASF team in Volpiano to Gurit and look forward to dynamically developing the site and business together,” says Rudolf Hadorn, CEO of Gurit.
Source: Gurit
Dulux paint maker Akzo Nobel said on Thursday it had appointed Fredrik Westin as its chief financial officer from January 1, 2026. Westin will succeed Maarten de Vries, who is completing his second four-year term as finance chief and will retire from Akzo Nobel in April next year.
The acquisition aligns with Henkel’s global growth strategy in the Adhesive Technologies business unit and reflects a key milestone in expanding its footprint in emerging markets. It enables the company to accelerate its presence in South Africa – a region with strong demand for high-performance repair and protection technologies in critical industries.
BASF announces the appointment of Michael Roy as Managing Director of BASF (Malaysia) Sdn Bhd, effective July 1, 2025. He succeeds Vimala Arumugam, who will retire after a distinguished career with the company. Currently serving as Director of Human Resources for Performance Materials Asia Pacific, Michael Roy brings over a decade of experience with BASF.
