Jun 6 2014
Wolverine Advanced Materials (Wolverine) acquired the Global OE and Aftermarket Brake business of Material Sciences Corporation (MSC), a division of New Star Metals. The deal closed Friday. 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 NVH Solutions, including years of research, technology, and product development.
“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,” said 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. We look forward to continuously working with our long-term partners, and providing them with an extended portfolio of high-quality, high-performance products.”