Leverkusen, Germany - Another systems house has become a totally-owned Bayer MaterialScience unit: BMS has recently purchased the remaining 50 percent of shares in the 50:50 BaySystems Büfa Polyurethane GmbH & Co. KG joint venture, from former owner Büsing & Fasch GmbH & Co. KG.
No financial details of the sale were revealed.
BMS acquired its 50 percent stake in Oldenburg, Germany-based Büfa in 2003, and has since integrated it into the BaySystems network, under the name BaySystems Büfa.
The unit has a speciality in systems to make integral skin foams, elastomers and rigid foams for innovative uses, according to Bayer. It serves a geographic region in northern Europe including Germany, Austria, Switzerland and the Beneluz region.
BMS has been rapidly growing its systems business with the aim of being "close to customers" and "generating added value for them through fast and flexible technology transfer," commented Peter Vanacker, head of the polyurethanes business unit at BMS (pictured), in the 10 March company announcement.
Recent moves by BaySystems include the start of construction for a systems house in Guangzhou, China, in January this year and the opening of one in Thailand in October 2007. In addition, the group bought the Greek systems business Dr DA Delis AG in November 2007, as well as acquiring the Czech systems operation Brahe AS, also in late 2007.