Material Sciences Corporation Divests its Brake Shim Business

BURR RIDGE, Illinois – June 3, 2014 – Material Sciences Corporation (MSC), a division of New Star Metals, has sold its Global OE and Aftermarket Brake Shim business to Wolverine Advanced Materials for an undisclosed sum. MSC will retain its North American production facilities in Walbridge, OH and Elk Grove Village, IL as well as the Application Research Center in Canton, MI.

Patrick Murley, Chief Executive Officer of New Star Metals, commented, “For years MSC has been providing excellent products to solve brake noise issues. However New Star Metals’ future focus will be on value-added coated products, metal to metal laminating and composites, and other mass reduction technologies. This divestment will allow us to dedicate our technical resources and our four uniquely-capable production facilities to our core product offerings.” (Source: New Stars Metals)