NN, Inc. Strengthens Balance Sheet Through Sale of Non-Core Plastics Plant
NNBRNN(NNBR) Newsfilter·2024-07-03 05:45

CHARLOTTE, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ:NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced it has entered into a definitive agreement to sell its lone plastics products plant known as Industrial Molding Corporation (IMC), to Davalor Mold Company, a wholly owned portfolio company of Blackford Capital. Total net cash proceeds will be approximately $16 million. "NN is underway with a strategic tran ...