LEVERKUSEN, Germany (March 30, 2012)—Bayer MaterialScience L.L.C. said it will acquire the remaining shares in the 50:50 systems house joint venture BaulÃ&Copy; SAS from Eximium SAS and other shareholders, effective March 31.
The transaction affects 139 employees, all of whom will be retained. Financial details have not been disclosed.
The joint venture was established in 2008 by the Leverkusen-based company and Michel BaulÃ&Copy; SA, which later was renamed Eximium.
BaulÃ&Copy; SAS specializes in the development, formulation and processing of polyurethane cast elastomers, according to Bayer.
BaulÃ&Copy; is based in Romans, France, and has subsidiaries in the U.S., the United Kingdom, France and China.