Gurit Takes PET License from Armacell
Swiss composites materials company Gurit has been granted a global license for Armacell’s ArmaFORM PET foam core technology. The technology enables the manufacturing of extruded PET foam from 100% recycled (post-consumer) PET materials.
The license runs until the expiry of Armacell’s patent rights. Financial details were not disclosed.
“The combination of the PET capacity and technology that we have acquired in Volpiano, Italy, at the end of 2016 paired with Gurit`s existing production and the new licensing contract for the Armacell foam technology represents a major step forward in our offering to our global customer base,” said Rudolf Hadorn, Gurit’s CEO.
Gurit acquired BASF’s Italian PET business and intellectual property last December, boosting the Swiss group’s portfolio of structural core materials.
In separate news, the Swiss company announced in June that is has renewed its distribution agreement with Maricell, an Italian producer of closed-cell PVC structural foam.
Under the terms of the deal, Gurit will continue to distribute all Maricell’s PVC globally until Dec. 31, 2020, with options to further extend the agreement.