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(finanznachrichten) -- Bayer MaterialScience announced
that Effective March 31, it will acquire the remaining shares in the 50:50
systems house joint venture Baule SAS from EXIMIUM SAS and other
shareholders.
The joint venture was established in 2008 by the Leverkusen-based company and
Michel Baule SA, which later was renamed EXIMIUM SAS.
The company said that Baule SAS is a global leader in the development,
formulation and processing of polyurethane cast elastomers. Based in Romans,
France, the company has subsidiaries in the United States, the United Kingdom,
France and China.
The company noted that the transaction affects 139 employees, all of whom
will be retained. Financial details have not been disclosed. |
