High Modulus purchased by Swiss company

Author:
Publish date:
Social count:
0

Swiss company Gurit acquired the marine composite engineering and materials company High Modulus. Terms of the transaction were not disclosed.

Headquartered in New Zealand, High Modulus has subsidiaries and offices in Australia, the United Kingdom, the United States and Singapore.

Paul Goddard, CEO of High Modulus, will oversee Gurit's Asia/Pacific market, while Richard Downs-Honey, co-owner of High Modulus, will be instrumental in developing the B3 SmartPac business.

Graham Harvey, general manager marine at Gurit, will lead the combined SP/High Modulus marine business.

"Combining Gurit's SP-branded marine engineering and materials business with High Modulus' renowned engineering and well-established B3 SmartPac materials solution will create a convincing offer for the global marine market," Harvey said.

Related

American Sailing Association reaches milestone

The American Sailing Association recently certified its half-millionth sailor. Since the association was founded in 1983, its affiliated schools and instructors have taught and certified more than 507,000 people to ASA’s 101 Keelboat Sailing standard.

First set of tariffs on aluminum sheet announced

The U.S. Commerce Department announced the countervailing tariff amounts on aluminum sheet from China, with varying amounts imposed on different Chinese suppliers that are scheduled to take effect within two to five business days.