NN, Inc. Strengthens Balance Sheet Through Sale of Non-Core Plastics Plant

July 2, 2024

https://www.globenewswire.com/news-release/2024/07/02/2907852/0/en/NN-Inc-Strengthens-Balance-Sheet-Through-Sale-of-Non-Core-Plastics-Plant.html

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.

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