Gurit, a manufacturer of composite materials and technologies headquartered in Switzerland, says it is in the process of acquiring certain assets in a company specialising in structural foam products based in Tsingdao, China. The transaction is subject to Chinese registration and is expected to close in September, at which time Gurit will report futher details.

Through its marine composites business, SP, Gurit supplies Corecell™ structural foam core materials used in the boat building and other industries.