Dearborn, Michigan – Wolverine Advanced Materials has acquired the global OE and aftermarket brake business of Material Sciences Corp., a division of New Star Metals. Terms of the transaction were not disclosed.
The acquisition of MSC’s brake business further expands Wolverine’s global market presence while adding to its broad portfolio of products. The combination of Wolverine and MSC allows for workflow efficiencies, as both Wolverine and MSC have extensive experience and knowledge of noise, vibration, and harshness solutions.
“We are proud of our diverse portfolio of products – one that has grown with our acquisition of the global OE and aftermarket brake business of MSC,” says Grant Beard, chairman, CEO, and president of Wolverine. “The deal expands our capabilities in the brake segment. This, coupled with our strong position in the sealing industry, will strengthen Wolverine as a company.”
MSC will retain its North American production facilities in Walbridge, Ohio, and Elk Grove Village, Illinois, as well as the Application Research Center in Canton, Michigan.
New Start Metals CEO Patrick Murley says, “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: Wolverine Advanced Materials