Gurit to acquire Chinese structural foam manufacturer

The manufacturer of structural foam products is located in Tsingdao, China.

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Gurit (Wattwil, Switzerland) announced on July 24 that it is acquiring a majority share of certain assets in a company that specializes in structural foam products in Tsingdao, China. The intended low single-digit Swiss franc million transaction is subject to Chinese registration and currently expected to close in September. Gurit will report further details upon closing.