Service Centers
Material Sciences Corporation Divests its Brake Shim Business
Written by Sandy Williams
June 3, 2014
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)
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/balance.png)
SEC settles with Esmark, Bouchard over ‘false’ $7.8B offer for USS
The US Securities and Exchange Commission said it has settled charges with Esmark and company founder Esmark James P. Bouchard regarding a tender offer for U.S. Steel last year.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
Steel Summit 2024: Service centers talk inventories, mill consolidation
SMU Senior Analyst and Editor David Schollaert sat down with leading steel service center executives at the SMU Steel Summit 2024 in Atlanta to discuss the issues affecting the industry.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/08/Flag_of_Mexico.png)
Aceromex installs new Andritz CTL line in Mexico
Mexican service center Aceromex has installed a new cut-to-length line in its facility in Cienega de Flores in the state of Nuevo Leon.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/HARDI.png)
Get your muck boots out: Galv buyers see ‘swampy’ steel market continuing
Swampy. Sticky. Mushy. Murky. These were all words galvanized buyers used this week to describe the current state of the US steel market.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Mill_Steel.png)
Mill Steel taps Hauncher for CFO
Mill Steel Co., a supplier of flat-rolled steel and aluminum products, has named Scott Hauncher as chief financial officer.