BASF has announced an agreement with B.C. Foam of Volpiano (Turin, Italy) to acquire the Italian manufacturer's PET foam business unit, including production systems, patents, and industrial property rights. The transaction is expected to be finalized by the end of March.
PET foams offer high heat resistance, excellent resistance of chemicals, and are 100% recyclable. The combination of this material and the special extrusion process results in a very high density foam. In addition to their use in the wind power industry, PET foam panels also have numerous applications in the nautical, automobile, aeronautics, and light construction industries.