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Bayer Acquires BayOne Urethane Systems LLC from PolyOne

Published on 2010-12-08. Author : SpecialChem

PITTSBURGH -- Bayer MaterialScience LLC has acquired the remaining 50 percent of BayOne Urethane Systems LLC (BayOne), a marketing joint venture for polyurethane specialties in the U.S. and Canada, from PolyOne Corporation.

"Acquiring the remaining 50 percent of BayOne will enable Bayer MaterialScience LLC to continue its focus on sustainable growth in the polyurethane specialties business in the NAFTA region," explained Peter Vanacker, Head - Polyurethanes Business Unit and Member of the Executive Committee of Bayer MaterialScience AG.

"BayOne now joins the global Bayer MaterialScience family of polyurethane systems houses," said Jerry MacCleary, Senior VP and Head of Polyurethanes North America Marketing and Business Development, Bayer MaterialScience LLC. "Our systems house strategy is designed to bring polyurethane innovations and applications into local markets very quickly to meet growing customer requirements."

"This transaction gives BayOne full access to Bayer MaterialScience markets and technologies that can accelerate growth," said Fernando D'Andrea, GM, BayOne Urethane Systems LLC.

About BayOne

BayOne, headquartered in St. Louis, Mo., was a 50:50 joint venture between Bayer MaterialScience LLC and PolyOne since its formation in 2003. BayOne, which has 33 employees, focuses on urethane systems development and service in application areas such as footwear, rigid foams and flexible molded foams.

About Bayer MaterialScience LLC

Bayer MaterialScience LLC is a producer of polymers and high-performance plastics in North America and is part of the global Bayer MaterialScience business with approximately 14,300 employees at 30 production sites around the world and 2009 sales of €7.5 billion. The main segments served are the automotive, electrical and electronics, construction, medical, and sports and leisure industries.

Forward looking statements

Bayer MaterialScience LLC is a producer of polymers and high-performance plastics in North America and is part of the global Bayer MaterialScience business with approximately 14,300 employees at 30 production sites around the world and 2009 sales of €7.5 billion. The main segments served are the automotive, electrical and electronics, construction, medical, and sports and leisure industries.

Source: Bayer MaterialScience LLC


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