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08-28-2007

BMS Takes over Czech PU System House

Bayer MaterialScience AG (BMS), Leverkusen, Germany, is extending its global network of polyurethane systems houses even further. The company has now signed the contract for the acquisition of the Brahe a.s. systems house in the Czech Republic, which is to be integrated into the BaySystems network under the name BaySystems CentralEurope. Brahe a.s. previously belonged to the T.P. Holding a.s. group of companies based in Prague, which has been a Bayer partner since the 1960s. Financial details of the transaction have not been released. Closing is expected in the fourth quarter of 2007. The company opened its new systems house site in Cerekvice in East Bohemia, close to the Polish border, in mid 2006. Its operations focus primarily on rigid polyurethane foam applications for the insulation of refrigerating appliances and water heaters. Roman Sebek will continue to be in charge of business at BaySystems CentralEurope.

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Covestro Deutschland AG

Kaiser-Wilhelm-Allee 60
DE 51373 Leverkusen
Tel.: 0214 60092000

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