Acquisitions · Precision components (bearings)
Tsubaki Nakashima buys NN Inc.'s precision bearing components business
- Buyer
- Tsubaki Nakashima (Katsuragi, Nara)
- Target
- NN Inc.'s precision bearing components business, Johnson City, Tennessee
- Value
- About ¥42.5B
- Status
- Completed in 2017.
- Date
- 2017-07-10
Tsubaki Nakashima, a maker of precision balls for bearings, bought the precision bearing components business of NN Inc., based in Johnson City, Tennessee. The carve-out includes plants in several countries, and the price was about ¥42.5 billion.
Why it matters
The deal brings together two suppliers of balls and rollers for bearings, giving Tsubaki Nakashima a larger global production base.
Sources
Kakehashi M&A News home
