MW Industries parent company American Securities LLC completed its acquisition of NN Inc.’s Life Sciences division for $825 million.  The deal includes $755 million in cash payable at closing and an additional $70 million cash earnout.

American Securities is combining Life Sciences with Rosemont, IL-based MW Industries but will operate and finance the two companies separately.

“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,” American Securities stated.

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