LEVERKUSEN, Germany (April 22, 2008) — Bayer MaterialScience A.G. and Michel Baule S.A. are forming a joint venture of their cast-elastomers businesses, now called Baule S.A.S.
Each company will hold a 50 percent interest in the venture, which will be headquartered in Romans, France, the current location of Michel Baule. No financial details were revealed.
Deliveries and technical support for customers globally will be handled by the joint venture's French and German sites and its subsidiaries in the U.S., the United Kingdom and China, the two companies said.
Baule S.A.S. will develop, produce and market prepolymer systems for hot- and cold-cast elastomers as well as the low-pressure dispensing equipment for processing them, the firms said.