Paint & Coatings Manufacturer News

BAYER MATERIALSCIENCE

October 14, 2005

BAYER MATERIALSCIENCE
ACQUIRES POLYTHANE SYSTEMS
Bayer MaterialScience LLC has acquired
Polythane Systems, Inc. (PSI), a supplier
of spray polyurethane foam roofing systems
in the U.S. Financial terms of the
acquisition were not disclosed.
Bayer MaterialScience will operate
PSI through its wholly owned subsidiary,
BaySystems North America LLC, and
will retain PSI’s trade names, employees
and facilities. The acquisition includes
PSI’s Everest Coatings, Inc., which manufactures
acrylic elastomeric coatings,
polyurea, sealants and primers.
Jerry MacCleary, who heads the
polyurethanes business unit’s North
American regional marketing and
business development operations for
Bayer MaterialScience LLC, said, “The
PSI acquisition will give us a significant
entry into the commercial roofing
business and other specialty markets