Sale to an affiliate of New Star Metals

Industrial
Sale to an affiliate of New Star Metals

Summary

Baird served as the exclusive financial advisor to Material Sciences Corporation

About

Material Sciences Corporation (“MSC” or the “Company”) (NASDAQ: MASC) was recently acquired by an affiliate of New Star Metals (“New Star”), a portfolio company of Insight Equity (“Insight”). Under the terms of the transaction, MSC was acquired for $12.75 per share, which represented a fully diluted equity value of approximately $139 million. MSC will be delisted from the NASDAQ Capital Market and terminate its registration and reporting obligations with the Securities and Exchange Commission.

MSC is a leading global provider of acoustical and coated material solutions. The Company has expertise in quiet and coating technologies to solve noise, vibration and harshness, weight reduction and temperature problems for customers in the transportation, appliance, HVAC, electronics, consumer products and construction industries. MSC is headquartered in Elk Grove Village, Illinois.

New Star Metals provides steel processing, building products and supply chain management across a diverse array of end markets. New Star Metals operates in four business segments: Electric Coating Technologies, Premier Resource Group, World Class Corrugating and Canfield Coating. New Star is headquartered in Burr Ridge, Illinois.

Insight Equity is a private equity firm that makes control investments in strategically viable, middle market, asset-intensive companies. Insight’s principals have acquired and managed businesses with over $4 billion in aggregate revenue since 2000. Insight is based in Dallas, Texas.

For additional information about this transaction, please contact:

Chris McMahon (312) 609-4983
Trish Renner (303) 270-6347
Nick Sealy +44 207 488 1212
Anthony Siu +86 21 6182 0980
Chris Colucci (312) 609-4475
Industrial
Sale to an affiliate of New Star Metals
Date
March 2014
Company
Material Sciences Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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