Swiss group acquires marine composite engineering competitor High Modulus
Swiss advanced composites developer and producer Gurit (Wattwil; has acquired its composite engineering and materials competitor High Modulus (Auckland / New Zealand; for an undisclosed amount.

Gurit said the acquisition was in line with its strategy to establish a leadership position in its target market niches, in this case marine composite engineering. The Swiss company intends to merge High Modulus’ experience and geographic location – the company employs more than 70 people worldwide at subsidiaries in Australia, the UK, the US and Singapore – with its own SP marine engineering and materials business into a new company called SP/High Modulus. In so doing, Gurit is also interested in acquiring High Modulus’ B³ SmartPac engineered construction solution, which makes boat-making easier and more cost-effective.

As part of the deal, High Modulus’ entire management and all its marine experts will join SP/High Modulus, which will be headed by Graham Harvey, general manager marine at Gurit.

In its financial report on H1 2009, Gurit reported a significant sales drop in the marine industry but said it was in the process of developing new products and was hopeful that the market would recover by 2011 – see of 21.09.2009.
07.12.2009 [215029]
Published on 07.12.2009
Gurit: Erwerb von High Modulus in NeuseelandGerman version of this article...

© 2001-2020  |  Imprint  |  Privacy is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by, Bad Homburg
Date of print: 12.08.2020 19:45:41   (Ref: 508843591)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: