Bayer MaterialScience acquires remaining shares in the systems house joint venture Baulé
Effective March 31, Bayer MaterialScience will acquire the remaining shares in the 50:50 systems house joint venture Baulé SAS from EXIMIUM SAS and other shareholders. The joint venture was established in 2008 by the Leverkusen-based company and Michel Baulé SA, which later was renamed EXIMIUM SAS. Baulé 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 Baulé 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 Baulé 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.”
Polyurethane cast elastomers are elastic, durable and wear resistant materials with outstanding abrasion resistance, under certain conditions even better than steel. Cast polyurethane products are made by mixing and pouring liquid reactants under low pressure into molds. Their unique properties make them suitable for a very wide range of applications, from industrial and mechanical parts to applications in mining, oil and gas, printing and wheel industries.
Other news from the department business & finance
