M&A Deal Summary

MW Components Acquires NN - Life Sciences Division

On August 24, 2020, MW Components acquired medical products company NN - Life Sciences Division from NN for 825M USD

Acquisition Highlights
  • This is MW Components’ 2nd transaction in the Medical Products sector.
  • This is MW Components’ largest (disclosed) transaction.
  • This is MW Components’ 19th transaction in the United States.
  • This is MW Components’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-08-24
Target NN - Life Sciences Division
Sector Medical Products
Buyer(s) MW Components
Sellers(s) NN
Deal Type Divestiture
Deal Value 825M USD

Target

NN - Life Sciences Division

Johnson City, Tennessee, United States
NN, Inc. - Life Sciences Division design and manufacture implants, surgical instrumentation, single-use disposable devices, and assemblies on a global basis.

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Buyer(S) 1

Buyer

MW Components

Charlotte, North Carolina, United States

Category Company
Sector Manufacturing
DESCRIPTION

MW Components is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. MW Components is based in Charlotte, North Carolina.


DEAL STATS #
Overall 19 of 23
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 19 of 23
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-13 Sussex Wire

Easton, Pennsylvania, United States

Sussex Wire, Inc. specializes in the design, manufacturing, and distribution of highly-engineered, specialty metal parts and components utilizing cold-forming technology. Sussex Wire was founded in 1974 and is based in Easton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Duer Carolina Coil

Greer, South Carolina, United States

Duer Carolina Coil is a manufacturer of hot and cold wound springs for a wide variety of industries. Duer Carolina Coil was founded in 1896 and is based in Greer, South Carolina.

Buy -

Seller(S) 1

SELLER

NN

Charlotte, North Carolina, United States

Category Company
Founded 1980
Sector Manufacturing
Employees3,087
Revenue 489M USD (2023)
DESCRIPTION

NN manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. NN was founded in 1980 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 3
State (Tennessee) 2 of 2
Country (United States) 2 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Paragon Medical

Pierceton, Indiana, United States

Paragon Medical, Inc. is a provider of medical devices used in orthopedic surgical procedures. Paragon manufactures trays and cases for use in surgical delivery systems, surgical instruments, and precision manufactured implants for orthopedic medical device original equipment manufacturers. Paragon Medical was founded in 1991 and is based in Pierceton, Indiana.

Buy $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 IMC

Lubbock, Texas, United States

IMC is a manufacturer of precision-engineered injection molded industrial components with international blue chip customers in a wide variety of end markets. IMC was formed in 1947 and is based in Lubbock, Texas.

Sell -