MSC Laminates and Composites Inc., a Division of Material Sciences Corporation (MSC) Announces the Acquisition of Goldbach Automotive Consulting GmbH, Situated in Buchenau, Germany
MSC Laminates and Composites Inc., a Division of Material Sciences Corporation (MSC) Announces the Acquisition of Goldbach Automotive Consulting GmbH, Situated in Buchenau, Germany
ELK GROVE VILLAGE, Ill., Aug. 6 Effective August 1, 2001, MSC Laminates and Composites will acquire Goldbach Automotive Consulting (GAC) located in Buchenau, Germany, which specializes in the manufacturing of products to eliminate brake-related noise in automotive applications. This acquisition will extend the global reach of MSC's ability to provide innovative noise reduction solutions to the automotive brake industry within Europe. Ron Millar, MSC Group Vice President, claims that "acquiring GAC is a key milestone in MSC's global expansion strategy. We recently established a joint venture MSC/Tekno with Tekno S.A. in Sao Paulo, Brazil, to produce Quiet Steel(R) noise and vibration reduction products in South America." This acquisition allows MSC Laminates and Composites Inc. to expand its leading role in providing brake noise solutions to the global automotive market. "The production expertise of GAC GmbH, combined with MSC's competence in identifying and correcting brake noise problems, will provide the automotive industry with a true solutions supplier that can identify the root cause of a noise problem, engineer a resolution for the concern, and produce parts ready for vehicle installation," said Clifford Nastas, MSC Vice President of Marketing. To complement this acquisition, MSC will invest in the construction of a new Applications Development Center (ADC) in Germany. This facility will focus on identifying and resolving automotive brake related noise and vibration problems. The ADC will be fully operational by December 2001 and include development tools such noise dynamometers, modal analysers and other equipment required to physically characterise and qualify new products for automotive use. Material Sciences Corporation is a leading provider of material-based solutions for industrial and consumer applications around the world. It uses its expertise in materials, which it leverages through relationships and a network of partners, to solve customer-specific problems, overcoming technical barriers and enhancing performance. MSC will differentiate itself on the basis of its strong customer orientation, knowledge of materials, deep understanding of its markets, and the offer of specific value propositions that define how it will create and share economic value with its customers. The company's stock is traded on the New York Stock Exchange under the symbol MSC and is included in the Standard & Poor's SmallCap 600 Index. You can find further information on Material Sciences Laminates & Composites Inc. on the Internet under: http://www.laminatesandcomposites.com/ Or contact us directly at: MSC LAMINATES AND COMPOSITES INC. MSC/GAC GmbH 2300 E. Pratt Blvd., Hauptstrasse 4, 99826 Elk Grove Village, IL 60007 USA Buchenau Phone: **1 (847) 439-1822 Tel **49 (036924) 36425 Fax: **1 (847) 806-2219 Fax **49 (036924) 36426 Email: bandc@interaccess.com Email : msc-gac@t-online.de
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