Bayer MaterialScience takes over Czech polyurethane systems house Brahe
Strengthening systems business in the growth region of central and eastern Europe
Bayer MaterialScience is extending its global network of polyurethane systems houses even further. The company has now signed the contract for the acquisition of the Brahe a.s. systems house in the Czech Republic, which is to be integrated into the BaySystems network under the name BaySystems CentralEurope. Brahe a.s. previously belonged to the T.P. Holding a.s. group of companies based in Prague, which has been a Bayer partner since the 1960s. Financial details of the transaction have not been released. Closing is expected in the fourth quarter of 2007.
Sealing the new collaboration (from left to right): Dirk Schade, Managing Director of Bayer s.r.o., Burghardt Bruhn, Head of Bayer Country Group Central Eastern Europe, Dr. Joachim Dohm, Head of BaySystems Integration, Jana Kozáková, CEO of TP Holding a.s. and Karel Vávra, Member of the Board of TP Holding.
Bayer Material Science AG
The company opened its new systems house site in Cerekvice in East Bohemia, close to the Polish border, in mid 2006. Its operations focus primarily on rigid polyurethane foam applications for the insulation of refrigerating appliances and water heaters. Roman Sebek will continue to be in charge of business at BaySystems CentralEurope.
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