10.30.15
NN Inc., a diversified industrial company, has successfully completed its $615 million acquisition of Precision Engineered Products Holdings Inc. (PEP), a global manufacturer of highly engineered precision customized solutions serving the medical, electrical, transportation and aerospace end markets.
"The acquisition of PEP, the largest in NN's 35-year history, is a transformational milestone that expands our market segment reach, broadens our portfolio of products, services, and solutions, as well as expands margins and strengthens our global geographic footprint," NN President/CEO Richard Holder said. "PEP adds proven capabilities in medical, electrical, transportation and aerospace to NN's strengths in light auto, CAFE technologies, general industrial, commercial transportation and fluid power. These complementary technologies further accelerate NN's growth as a diversified industrial focused on delivering a complete portfolio of products and solutions to our customers and being a consistent earner through the economic cycle."
NN manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to various markets. Headquartered in Johnson City, Tenn., NN has 43 manufacturing plants in North America, Western Europe, Eastern Europe, South America and China.
"The acquisition of PEP, the largest in NN's 35-year history, is a transformational milestone that expands our market segment reach, broadens our portfolio of products, services, and solutions, as well as expands margins and strengthens our global geographic footprint," NN President/CEO Richard Holder said. "PEP adds proven capabilities in medical, electrical, transportation and aerospace to NN's strengths in light auto, CAFE technologies, general industrial, commercial transportation and fluid power. These complementary technologies further accelerate NN's growth as a diversified industrial focused on delivering a complete portfolio of products and solutions to our customers and being a consistent earner through the economic cycle."
NN manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to various markets. Headquartered in Johnson City, Tenn., NN has 43 manufacturing plants in North America, Western Europe, Eastern Europe, South America and China.