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Material Sciences Corporation Reports Third Quarter Results

21 December 2000

Material Sciences Corporation today reported lower sales and a third quarter net loss for the three months ended November 30, 2000. Net sales in the third quarter were $120.1 million compared with $125.4 million last year. Excluding Pinole Point Steel, net sales in the third quarter were $82.2 million versus $83.0 million last year. The MSC Laminates and Composites subsidiary signed a letter of intent to acquire Goldbach Automobil Consulting (GAC), a leading brake damper supplier based in Buchenau, Germany. GAC serves all major friction material companies across Europe and South America. Material Sciences Corporation is a leading provider of material-based solutions for industrial and consumer applications around the world.