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MW Industries Completes Combination with NN, Inc.'s Life Sciences Division

MW Industries completed the transaction to acquire NN, Inc.'s Life Sciences division. The Life Sciences division will be combined with MW Industries, a portfolio company of American Securities.

Life Sciences will be operated and financed separately from MW Industries. Life Sciences and MW's existing medical division (including Marox, Economy Spring & Stamping and LaVezzi Precision) demonstrate complementary manufacturing capabilities and offer different product portfolios.

Under the terms of the transaction, NN, Inc.'s Life Sciences division was purchased for $825 million, including $755 million in cash at closing and an additional $70 million earnout payable in cash based on the 2022 performance of the Life Sciences division.

MW Industries provides engineered springs, specialty fasteners, metal stampings, tubular components and other precision components.