Leverkusen, Germany - Bayer BV of Mijdrecht in the Netherlands is taking over Foxhol-based polyurethane systems house Resina Chemie BV, which it says is a leading provider of rigid polyurethane foam systems in Europe.
Both partners signed the contract of sale 3 April 2008.
Resina Chemie focuses on systems for rigid foams for refrigeration and construction and is well-known in these sectors, said a Bayer MaterialScience statement. The company has "extensive know-how and decades of experience," BMS commented.
The Dutch operation will be incorporated into BMS' global network of polyurethane systems as BaySystems B.V.
"By acquiring Resina Chemie, we have now again extended our systems house network in the key region of Europe, Middle East and Africa. These systems houses offer customer-specific product portfolios and accelerate the market launch of polyurethane innovations through a close relationship with customers," said Peter Vanacker, head of the BMS Polyurethanes Business Unit, in the statement.
The transaction is subject to the approval of the relevant authorities. BMS did not reveal any financial details of the purchase.
PIC: l-r Niels Hessmann, country speaker of Bayer BV, Adri Koersvelt, managing director of Bayer BV, and Fred Bouwmeester, managing director of Resina Chemie; standing 9l-r) Frank Grunert, head of marketing in Europe, Middle East and Africa and Latin America regions for BMS' PU unit, Dr Joachim Dohm, head of BaySystems Integration, Egbert Goossen, head of R&D with Resina Chemie, and the notary.