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9/24/2007

Bayer Sells Its Share of Exatec

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Bayer MaterialScience AG in Germany agreed to sell its 50% share in Exatec LLC, Wixom, Mich., to its jointventure partner, GE Plastics, Pittsfield, Mass., just prior to the sale of GE plastics to SABIC of Saudi Arabia.

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Bayer MaterialScience AG in Germany agreed to sell its 50% share in Exatec LLC, Wixom, Mich., to its jointventure partner, GE Plastics, Pittsfield, Mass., just prior to the sale of GE plastics to SABIC of Saudi Arabia. Exatec was created to develop coating technologies for polycarbonate auto glazing. Exatec is now a wholly owned subsidiary of SABIC Innovative Plastics.

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