MICHEL BAULE
Sale of PUR and thermoplastics processor Exsto / Focus on PUR casting resins and machinery
PUR casting resins specialist Michel Baul� (Romans sur Is�re / France; www.baule.com) sold its subsidiary Exsto (Romans sure Is�re; www.exsto.com) on 9 October 2009 to Finexsto, a new holding company established by the investment fund Lambrock Capital Partners (Lyon / France). The purchase price has not been disclosed. Christophe Torres will remain Exsto CEO. In so doing, Baul� has divested its PUR and thermoplastics processing operations, concentrating on the production of PUR casting resins and low-pressure casting machinery instead.
Exsto manufactures large semi-finished and finished products from PUR cast elastomers, thermoplastics and composites, predominantly for the French market. In 2007/2008 it had 120 employees and sales of around EUR 24m.
Baul�s workforce numbered some 400 in 2007, with sales of almost EUR 80m. At the start of last year, Michel Baul� and Bayer MaterialScience (BMS, Leverkusen / Germany; www.bayerbms.com) combined their PUR casting elastomers activities in a 50:50 joint venture operating as Baul� � see Plasteurope.com of 02.05.2008.
Exsto manufactures large semi-finished and finished products from PUR cast elastomers, thermoplastics and composites, predominantly for the French market. In 2007/2008 it had 120 employees and sales of around EUR 24m.
Baul�s workforce numbered some 400 in 2007, with sales of almost EUR 80m. At the start of last year, Michel Baul� and Bayer MaterialScience (BMS, Leverkusen / Germany; www.bayerbms.com) combined their PUR casting elastomers activities in a 50:50 joint venture operating as Baul� � see Plasteurope.com of 02.05.2008.
06.11.2009 Plasteurope.com [214770]
Published on 06.11.2009
German version of this article...