CHARLOTTE — NN, Inc., a Charlotte-based industrial manufacturing company, will sell its life sciences division to affiliates of American Securities LLC for $825 million, the firm announced Monday. NN (NASDAQ:NNBR) has completed the sale of its Life Sciences division to affiliates of American Securities LLC for the purpose of being combined with MW … He will be a valuable new member of our team and we look forward to building this business together.”. MW Life Sciences emphasizes continuous improvement and permanent defect prevention through a quality system that is comprehensive, data-driven, and cGMP compliant. All rights reserved. MW Industries Completes Combination with NN, Inc.’s Life Sciences Division MW Industries announced today that affiliates of American Securities LLC have completed the transaction to acquire NN, Inc.’s Life Sciences division. It means our customers can focus on the urgent business of improving people’s lives, safe in the knowledge that they have the components they need, precisely when and where they need them,” said Simon Newman, CEO of MW Industries. Case & Tray 10B GDH Industrial Park No. Life-science-graded regional hubs to safely store products close but outside target markets. NN's Life Sciences division has grown into a broad, diversified platform with strong potential for long-term value creation and success as part of MW Industries' portfolio, which includes medical sector specialists such as LaVezzi Precision, Marox and Economy Spring. At a time when businesses in the medical sector are under more pressure than ever, we can offer an unbeatable combination of speed, quality, and supply chain resilience. Championship 18 Hole Course located just north of Dayton, Ohio, in Vandalia. NN Life Sciences - Hatfield Main Site: 2342 North Penn Road, Hatfield, Pennsylvania, 19440, United States has been registered by Intertek as conforming to the requirements of: ISO 13485:2016 The management system is applicable to: Contract manufacturer of component medical devices, implants, screws, fixations and assemblies. Paragon Medical, Inc. is a provider of medical devices used in orthopedic surgical procedures. This is MW Industries’ 2nd transaction in the Medical Products sector. Experience across multiple products Our FDA registered facilities produce precision components and medical devices spanning multiple product categories. MW is a provider of highly engineered springs, specialty fasteners, and other precision components. “We are thrilled to welcome our new Life Sciences colleagues to MW Industries. Chris Fillmore, the current Chief Commercial Officer at MW Industries, will become the President of the MW Components division after the acquisition is closed. NN's Life Sciences division has grown into a broad, diversified platform with strong potential for long-term value creation and success as part of MW … Duer Carolina Coil is a manufacturer of hot and cold wound springs for a wide variety of industries. Our products can be encountered in many everyday applications, such as driving a car, flying in a plane, using electronics, or shopping at a grocery store. 9/3/2020 NN, Inc. Combining the existing and complementary medical production capabilities of MW Industries with Life Sciences’ technology, engineered solutions and footprint will position the company to deliver an even broader range of high-precision components for surgical instrumentation, assemblies, and finished medical devices to meet the diverse needs of a growing, global customer base. Menu & Reservations Make Reservations . E-mail … CHARLOTTE, N.C., Aug. 24, 2020 /PRNewswire/ — NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced a definitive agreement under which NN, Inc.’s Life Sciences division will be purchased by affiliates of American Securities LLC for the purpose of being combined with its portfolio company, MW Industries, a provider of highly engineered springs, specialty [...] 1146 BARNUM AVE Bridgeport, CT 06610. This is MW Industries’ 1st transaction in Tennessee. It specializes in developing solutions for procedure-specific instruments, orthopedic … Perfect for Leagues, Outings, Intimate Weddings, Banquets & Meetings. MW Life Sciences, Manufacturing. 6 Northrup Industrial Park Rd West Wallingford, CT 06492 Phone: 203.284.2200. Factors which could materially affect actual results include, but are not limited to: general economic conditions and economic conditions in the industrial sector, the impacts of the coronavirus (COVID-19) pandemic on the Company’s financial condition, business operations and liquidity, inventory levels, regulatory compliance costs and the Company’s ability to manage these costs, start-up costs for new operations, debt reduction, competitive influences, risks that current customers will commence or increase captive production, risks of capacity underutilization, quality issues, availability and price of raw materials, currency and other risks associated with international trade, the Company’s dependence on certain major customers, and the successful implementation of the global growth plan including development of new products. Previously: Bridgemedica. Announces Sale of Life Sciences Division for $825 Million. Mr. Buck was previously the CEO and Chairman of Paragon, which was acquired by NN, Inc. in 2018, and comprises much of the Life Sciences division. Our 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. MS Life Sciences is located in Hyderabad for producing manufacture, sourcing and supply of bulk drugs, Drug intermediates and Fine Chemicals. Life Sciences – Mansfield. Combined company will serve a broad and diverse global customer base that requires even higher quality and more efficient service, Operational footprint will span the United States, China, Poland and Switzerland. Bridgemedica - MW Life Sciences | 794 followers on LinkedIn. With over 30 manufacturing facilities worldwide, MW Industries delivers the precision components today’s engineers need to do their best work. ... Christopher J. Qualters Executive VP of Life Sciences: Derivative/Non-derivative $4.01 PER … 1146 Barnum Avenue Bridgeport, CT 06610 Phone: 203.336.0121 Sales: 203.336.7446 Fax: 203.336.1774. MW Industries announced that its Medical Solutions portfolio will combine with NN Life Sciences, creating MW Industries Life Sciences. Paragon Medical – Aurora. The combination with NN, Inc.'s Life Sciences division expands MW Industries' existing portfolio of businesses in the medical sector with engineered solutions for better patient outcomes and provides an opportunity to leverage Life Sciences' existing global footprint. Product Types. Except as required by law, we undertake no obligation to update or revise any forward-looking statements we make in our press releases, whether as a result of new information, future events or otherwise. This is MW Industries’ 19th transaction in the United States. MW Industries designs and creates products for a variety of industries including medical, aerospace, energy, and automotive. Since the board appointed new leadership at the start of 2019, NN has endeavoured to bolster its balance sheet and improve flexibility. Under the terms of the transaction, NN, Inc.’s Life Sciences division will be 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. We take pride in introducing our company has involved in producing Drug intermediates, Fine chemicals, Grignards, Lithium Derivatives, Boron Derivatives and Custom synthesis molecules etc. This fluorinated thermoplastic resin resists strong organic acids and mineral compounds while retaining UV stability, high purity and V-O rated flame Bridgemedica - MW Life Sciences Details The Company has assembled a team of seasoned medical device professionals with the experience, expertise and knowledge to bring innovative solutions to the development, manufacturing and regulatory process. Evercore Inc. acted as lead financial adviser to MW Industries, and Weil, Gotshal & Manges LLP acted as legal adviser. Article Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! Headquartered in Charlotte, North Carolina, NN has 48 facilities in North America, Europe, South America, and China. MW Industries already has a strong presence in the healthcare market. Life-science-graded forward stocking/ free trade zone locations in selected markets. Bridgemedica, a service of NN Life Sciences, is a medical device company that provides concept to supply solutions through design development engineering and manufacturing. CHICAGO, Illinois and CHARLOTTE, North Carolina, August 24, 2020 – MW Industries, a leading provider of highly engineered springs, specialty fasteners, bellows and other precision components, and NN, Inc. (NASDAQ: NNBR), a diversified industrial company, announced today a definitive agreement under which NN, Inc.’s Life Sciences division will be purchased by affiliates of American Securities LLC for the purpose of being combined with MW Industries, one of its portfolio companies. Posted August 24th, 2020 for MW Industries, Inc. MW Industries to Expand Offering of Engineered Medical Solutions through Combination with NN, Inc.’s Life Sciences Division Combined company will serve a broad and diverse global customer base that requires even … CHARLOTTE, N.C., Aug. 24, 2020 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced a definitive agreement under which NN, Inc.'s Life Sciences … Sussex Wire, Inc. specializes in the design, manufacturing, and distribution of highly-engineered, specialty metal parts and components utilizing cold-forming technology. Similarly, statements made herein and elsewhere regarding pending and completed transactions are also forward-looking statements, including statements relating to the future performance and prospects of an acquired business, the expected benefits of an acquisition on the Company’s future business and operations and the ability of the Company to successfully integrate recently acquired businesses. Affiliates of American Securities, of which MW Industries is a portfolio company, purchased NN Life Sciences for $825 million, including $755 million in cash and an additional $70 million earnout based on 2022 performance. Paragon manufactures trays and cases for use in surgical delivery systems, surgical instruments, and precision manufactured implants for orthopedic medical device original equipment manufacturers. Life Sciences – Bridgeport. Sussex Wire was founded in 1974 and is based in Easton, Pennsylvania. The combination with MW Industries will help Life Sciences accelerate growth and innovation across global markets, and position the business for … NN, Inc. - 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. NN, Inc. NNBR yesterday announced that it agreed to sell its Life Sciences division for $825 million.The purchaser of the business will be affiliates of American Securities LLC. NN Inc. company facts, information and financial ratios from MarketWatch. DRT Medical is a supplier of medical instruments and implants. FMA … The transaction is expected to be completed in the fourth quarter of 2020, subject to customary closing conditions. This is MW Industries’ 1st largest (disclosed) transaction. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “assumptions”, “target”, “guidance”, “outlook”, “plans”, “projection”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “potential” or “continue” (or the negative or other derivatives of each of these terms) or similar terminology. Following the close of the transaction, the Life Sciences division will combine with MW Industries. With worldwide manufacturing facilities, MW Life Sciences has expertise in the design, validation, and advanced manufacturing of products for the Life Sciences market. The combined company will span the United States, China, Poland and Switzerland and serve a broad and diverse global customer base. ISO 13485:2016 ISO 9001:2008. Through decades of growth, innovation, and dedication, MW Industries has proven to be a world-class supplier of custom springs, fasteners, and precision metal components. NN’s Life Sciences division has grown into a broad, diversified platform with strong potential for long-term value creation and success as part of MW Industries’ portfolio, which includes medical sector specialists such as LaVezzi Precision, Marox and Economy Spring. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. The combination with NN, Inc.’s Life Sciences division expands MW Industries’ existing portfolio of businesses in the medical sector with engineered solutions for better patient outcomes and provides an opportunity to leverage Life Sciences’ existing global footprint. © 2021 MW Industries (MWI). MW Industries, Inc. is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Search 151,755 Deals Now The stock price jumped after it was announced that NN would be selling its life sciences division for $825 million. MW Industries is a leading manufacturer of highly engineered industrial springs, fasteners, bellows and related metal components. MW Life Sciences Headquarters 8 Matchett Drive Pierceton, IN 46562 Phone: 800-225-6975. 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