The 2020 Mid-Year Economic Update_long

NN Inc. Acquires V-S Industries

NN expands precision metal components group, global footprint with acquisition.

NN, Inc. (NASDAQ: NNBR), Johnson City, TN, has acquired V-S Industries, a privately held manufacturer of precision metal components. Financial terms of the deal were not disclosed.

V-S Industries had sales of approximately $16 million in 2013. NN, Inc. will continue operations at the existing V-S Industries facilities in Wheeling, IL, and Juarez, Mexico.

“The V-S portfolio is complementary to the products we currently manufacture in our precision metals component group and provides us entry into adjacent markets and increases our global manufacturing footprint while allowing us to better serve both existing and new customers," said Rich Holder, CEO of NN, Inc.

NN, Inc. has 12 manufacturing plants in the United States, Western Europe, Eastern Europe, Mexico and China, with sales of $370 million in 2012.

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