Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:15 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #28. NN — V-S Products Division
Acquirer:
NN (NASDAQ:NNBR)
Acquiree:
V-S Products Division
Details:
NN, Inc. (Nasdaq: NNBR) announced today that Eric Schriver has joined the Company as General Manager of its recently acquired V-S Products Division, a manufacturer of precision metal components with operations in Wheeling, Illinois and Juarez, Mexico. Mr. Schriver's responsibilities will include the integration of the newly acquired assets and the execution of the Company's strategic growth plan for V-S Products. He will report to J.R. Widders, Vice President and General Manager of NN's Precision Metal Components Group.
NN is an industrial company that designs and manufactures metal and plastic components and assemblies for a variety of end markets. Co.'s mobile solutions segment focuses on growth in the automotive and general industrial end markets. Co.'s power solutions segment is focused on growth in the electrical, general industrial, automotive, aerospace, defense, and medical end markets. Within this group Co. combines materials science capabilities with engineering and production capabilities to design and manufacture a range of metal and plastic components, assemblies, and finished devices used in applications ranging from power control to flight control and for military devices.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: NNBR Stock Forecast Based on Zacks ABR data; powered by Xignite |
