June 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Material Sciences Corp. (OTCBB: MASC), a provider of material-based solutions for acoustical and coated metal applications, has closed the sale of its Middletown, Ohio plant and coil coating equipment to NCI Group of Houston, Texas, for  $4.9 million in cash. MSC idled operations at the Middletown plant about six years ago.

Clifford D. Nastas, the firm’s chief executive officer, said, "We continue to sell non-core assets as part of our long-term growth strategy and received an attractive offer from NCI."

This is company’s the second asset sale to date in 2010. In April, Material Sciences sold certain coil coating assets located in one of its Elk Grove Village, Illinois plants for $10 million in cash.

Prior to these transactions, Material Sciences ended its fiscal year on February 28, 2010, with a reported $12.9 million in cash and no long-term debt.

Illinois-based Material Sciences is a provider of material-based solutions for acoustical and coated metal applications.

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