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American Metal Market presented a total of 15 Steel Excellence Awards to 13 companies and one individual at a dinner held Tuesday, June 17, 2014 in New York celebrating best-in-class initiatives that introduced real and quantifiable change to the steel industry. The fifth edition of the Annual awards program celebrated the efforts of individuals and companies whose ingenuity, dedication and difference-making savvy distinguished 2014’s honorees from their peers over the past year.

MSC Smart Steel™ from Material Sciences Corporation (MSC) was recognized by American Metal Market as the Most Innovative Product in 2014.The new material—called MSC Smart Steel™—is a lightweight steel laminate that the producer said is highly formable and weldable and can offer substantial mass savings vs. monolithic steel. The laminate addresses many concerns that arise when automakers and their suppliers consider sweeping changes to vehicle designs over a short period.

Material Sciences Corporation (MSC) (formerly 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.

New Star Metals (known today at Material Sciences Corporation) is proud to announce the acquisition of Material Sciences Corporation (MSC). Long known for its product and process innovation, MSC is a global manufacturer of acoustical products used in brakes, body panels, and engine components. MSC also specializes in electrogalvanizing sciences and coil coating of flat-rolled steel and aluminum. MSC provides products and services to a variety of customers in the automotive, construction, appliance, and lighting industries.

An affiliate of Insight Equity Holdings LLC (“Insight Equity”), the Southlake, Texas headquartered private equity firm, is proud to announce its acquisition of New Star Metals and its Premier Resource Group and Electric Coating Technologies subsidiaries from an affiliate of Aurora Capital Group (“Aurora”).