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Bayer MaterialScience buys remaining shares in polyurethane JV

April 03/2012

(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.
Author:Anna Larionova
Category:General News
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