NN, Inc., a diversified industrial company, completed the divestiture of Delta Rubber. The terms of the transaction were not disclosed.
Richard Holder, President and CEO commented, “As outlined in our strategic plan, we continue to focus on balancing our portfolio of businesses to create a world class diversified industrial. The divestiture of Delta Rubber was the next step in that process, as it further aligns our existing plastics business with our recent acquisition of Precision Engineered Products.”
NN, Inc., a diversified industrial company, manufactures and supplies high precision metal bearing components, industrial plastic and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 42 manufacturing plants in North America, Western Europe, Eastern Europe, South America and China.