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Special Interests
13-Apr-2009
Bayer MaterialScience acquires systems house in Greece .
 
Athens 2 April 10, 2009. Bayer MaterialScience has strengthened its BaySystems systems house business in southeast Europe by acquiring the polyurethane systems house of Neochimiki S.A., Athens. Neochimiki, the leading trader for chemical raw materials in Greece, and Bayer MaterialScience have now concluded an agreement to this effect. Previously known as Monochem S.A. and headquartered in Inofyta, north of Athens, the systems house has now been transferred to Bayer Hellas and will be integrated into the Greek BaySystems systems house.
 With the acquisition of the systems house from Neochimiki, Bayer MaterialScience is reinforcing its activities in southeast European countries such as Greece, Turkey, Romania, Bulgaria, Serbia and Cyprus. "This recent expansion reflects the growing importance of the emerging markets in southeast Europe and further strengthens our commitment to customers in this region," explained Peter Vanacker, head of the Polyurethanes Business Unit and a member of the Executive Committee of Bayer MaterialScience. "Despite the current economic downturn, we are determined to stand by our systems house strategy and will continue to optimize our global BaySystems network."