Bayer MaterialScience acquires new PU system house in the US
Bayer MaterialScience LLC, Pittsburgh, USA, has announced the takeover of Polythane Systems, Inc. (PSI), Spring, Texas, a supplier of polyurethane spray foam systems for roof insulation. The transaction was completed end of August, no financial details were released. BMS will integrate the system house into BaySystems North America LLC and take over all 31 employees, plus the company’s trademarks, buildings and facilities. The transaction includes the acquisition of Everest Coatings, Inc., a wholly owned subsidiary of PSI, which manufactures elastomeric acrylic coatings, polyurea systems, sealants and base coats. To date, nearly 50 million m² of roofing on office buildings in North America and the Caribbean have been insulated with this system.