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Slide #69. NN, Inc. — Assets of V-S Industries
NN, Inc. (NASDAQ:NNBR)
Assets of V-S Industries
NN, Inc. (Nasdaq: NNBR) today announced that it has completed the acquisition of the assets of V-S Industries. V-S Industries is a privately held manufacturer of precision metal components with operations in Wheeling, Illinois and Juarez, Mexico. The acquisition of V-S will provide NN with a complementary, but broader product offering and will allow penetration into adjacent markets. Financial terms of the deal were not disclosed.
NN is an industrial company that designs and manufactures solutions, components and assemblies for the medical, aerospace and defense, electrical, automotive and general industrial markets. Co.'s businesses were reorganized into the Mobile Solutions, Power Solutions and Life Sciences groups and are based principally on the end markets they serve. Mobile Solutions group is focused on growth in the general industrial and automotive end markets. Power Solutions group is focused on growth in the electrical and aerospace and defense end markets. Life Sciences group is focused on growth in the medical end market.
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Strong Buy (4.00 out of 4)
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