MW Industries parent company American Securities LLC is acquiring NN Inc.’s Life Sciences division and combining it with the Rosemont, IL-based fastener manufacturer.  The $825 million transaction is expected to close in the fourth quarter of 2020.

“This transaction offers the right partner for Life Sciences and fair value for the business,” stated NN CEO Warren Veltman.  “The combination with MW Industries will help Life Sciences accelerate growth and innovation across global markets, and position the business for long-term value creation and success to the benefit of all its stakeholders.”

NN Life Sciences manufactures implants, surgical instrumentation, single-use disposable devices, and assemblies for medical applications.  Core capabilities include precision metal stamping; electron beam welding; CNC milling and turning; plastic injection molding and micro molding; plastic machining; and additive manufacturing.

NN, which manufactures high-precision metal and plastic components and assemblies, plans to use the estimated $700 million in net proceeds from the sale to pay down its debt.

Founded as a tool and die company, Rosemont, IL-based MW Industries manufactures precision springs and specialty fasteners for more than 25,000 customers in 35 countries.  Its 50,000 products are sold through a combination of direct sales, catalogs, and distributors to original equipment manufacturers and aftermarket customers in aerospace, medical, electronics, energy, agriculture, construction, and other sectors.

In 2017, MW Industries was acquired by equity firm American Securities in partnership with MW Industries management.  Web: MW-Ind.com