Wolverine Advanced Materials, a portfolio company of Wynnchurch Capital, has acquired the original equipment and aftermarket brake business of Material Sciences Corporation, a division of New Star Metals.
“We are proud of our diverse portfolio of products – one that has grown with our acquisition of the global original equipment 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.”
Wolverine Advanced Materials is a developer and manufacturer of high-performance materials. The company’s core competency is in performance-critical, specialty elastomer-coated metals that offer damping and seal-ability solutions in the automotive brake, noise-vibration-harshness (NVH), and sealing industries. Wolverine has offices in Virginia, Florida, Michigan, Germany, Japan, China, Brazil, and India and employs approximately 500 people worldwide, with global headquarters in the Detroit suburb of Dearborn (www.wamglobal.com).
Wynnchurch Capital makes investments of $10 million to $90 million in middle-market companies that have revenues of $5 million to $500 million. Sectors of interest include niche manufacturing, transportation & logistics, business services, value-added distribution, energy and power services, general industrials, and metals & mining. Wynnchurch manages a number of private equity funds with capital under management in excess of $1 billion. The firm was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Detroit and Toronto (www.wynnchurch.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-5-14
