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)
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
Gilmore upbeat on year two as standalone Worthington Steel
Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.
Worthington Steel’s earnings improve despite sales slide
Depressed demand and weak prices drove Worthington Steel’s second fiscal quarter results to a sequential decline.
O’Neal Steel taps Jodi Parnell as top executive
Jodi Parnell has been named president and CEO of Birmingham, Ala.-based service center group O’Neal Steel.
Russel closes on Tampa Bay Steel deal
Russel Metals Inc. has closed on its buy of Tampa Bay Steel.
Worthington Steel inks deal for controlling stake in Italy’s Sitem
Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.