BASF acquires American rigid polyurethane foam producer Foam Enterprises
BASF has aquired Foam Enterprises Inc.
BASF announced that it has aquired Foam Enterprises, Inc., Minneapolis, Minnesota. Financial details of the transaction were not disclosed.
Foam Enterprises Inc. supplies rigid polyurethane foam materials for the spray, pour, froth and molding markets, which include roof and wall insulation, walk-in coolers, insulated building panels, spas, and boat flotation, among others. The company had sales of approximately $80 million in 2003. BASF is also a manufacturer of rigid polyurethane foam systems.