Material Sciences (MSC) Closes Sale of Coil Coating Facility in Morrisville, Pennsylvania
More News related to MSC
- Trading Radar for 1/11: Alcoa (AA), WD-40 (WDFC), Audiovox (VOXX), Material Sciences (MSC) Report
- Material Sciences (MSC) Reports Q3 Loss of $0.35
- Trading Radar for 1/9: KB Home (KBH), Greenbrier (GBX), AZZ Inc. (AZZ) Report; Nonfarm Payrolls, Unemployment Rate, Wholesale Inventories Due
- Material Sciences (MSC) Closes Sale of Coil Coating Facility in Morrisville, Pennsylvania
- Material Sciences (MSC) Reports Q2 Loss of $0.09
More News related to Corporate News
- Micromet (MITI) Outlines Clinical Plans for Blinatumomab in ALL
- Toyota's (TM) Carter Says All Dealers Nationally Have Pedal Fix
- Northrop Grumman (NOC) Wins $26.2M Contract from U.S. Navy for Shipboard Radar Systems
- BT Group (BT) Awarded $370M Three-Year Contract Estension with The DWP
- BT (BT) Awarded 3-year Contract Extension with The Department for Work and Pensions Worth minimum of $370 Million
Material Sciences Corporation (NYSE: MSC) closed the previously announced sale of its coil coating manufacturing facility in Morrisville, Pennsylvania, and select equipment.
MSC sold the coil coating factory building and real estate in Morrisville, Pennsylvania, to K. MATKEM of Morrisville, LP, a Pennsylvania limited partnership for a purchase price of approximately $4.6 million. The price includes a $1 million deposit previously paid to Material Sciences that was recorded in accrued expenses in the company's balance sheet for the period ending August 31, 2008. Brightsmith, LLC, a Delaware limited liability company purchased related factory equipment for $4.5 million. Brightsmith may also buy selected inventory and supplies estimated to be worth approximately $1.0 million.
Material Sciences Corporation is a provider of material-based solutions for acoustical and coated applications.[SM]
Related Categories
Corporate NewsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
