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Slide #32. 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 are organized into the Life Sciences, Mobile Solutions, and Power Solutions groups and are based principally on the end markets they serve. Life Sciences is focused on growth in the medical end market, primarily in the orthopaedics and medical/surgical end markets. Mobile Solutions is focused on growth in the general industrial and automotive end markets. Power Solutions is focused on growth in the electrical and aerospace and defense end markets.
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Strong Buy (3.50 out of 4)