PITTSBURGH (Dec. 3, 2010)—Bayer MaterialScience L.L.C. has acquired the remaining 50 percent of BayOne Urethane Systems L.L.C., a marketing joint venture for polyurethane specialties in the United States and Canada, from PolyOne Corp.
Financial details of the transaction were not disclosed.
BayOne, headquartered in St. Louis, has 33 employees involved in urethane systems development and service in application areas such as footwear, rigid foams and flexible molded foams. It was created in 2003 as a 50:50 JV between Pittsburgh-based BMS and Avon Lake, Ohio-based PolyOne.