MW Industries, Inc. has announced that affiliates of American Securities LLC have completed the transaction to acquire NN Inc.’s Life Sciences division.
Life Sciences will be operated and financed separately from MW Industries. Life Sciences and MW's existing medical division (Marox, Economy Spring & Stamping, and LaVezzi Precision) demonstrate complementary, but distinct, 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 (subject to customary adjustments) in cash payable at closing of the transaction and an additional $70 million earnout payable in cash based on the 2022 performance of the Life Sciences division.
MW Industries, Inc. is a leading manufacturer of highly engineered industrial springs, fasteners, bellows, and related metal components. With manufacturing locations throughout the United States, MW Industries designs and creates products for a variety of industries, including medical, aerospace, energy, and automotive.
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