Bayer Material Science Acquires Remaining Shares in the Systems House Joint Venture Baule

april 9 2012

Bayer MaterialScience 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. Baule SAS is a global leader in the development, formulation and processing of polyurethane (PU) cast elastomers. Based in Romans, France, the company has subsidiaries in the United States, the United Kingdom, France and China. The transaction affects 139 employees, all of whom will be retained. Financial details have not been disclosed.

“The complete acquisition of Baule SAS enables us to expand our potential for cast elastomers and also provides us with even greater access to this attractive market,” says Dr. Wilhelm Lamberts, the assigned President of Baule and current Managing Director of the systems house Bayer MaterialScience Oldenburg GmbH & Co. KG in Oldenburg, Germany. “This also emphasizes Bayer MaterialScience´s strategic orientation on growth markets.”

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