NN, Inc. to sell Precision Bearing Components Group
NN Inc., a Johnson City-based industrial parts manufacturing company, announced this week it is selling off its Precision Bearing Components Group, which includes its properties in Erwin and Mountain City. The deal with Tsubaki Nakashima Co., Ltd., will bring NN $375 million in cash. It will close later this quarter, subject to regulatory approval. “We think it will close in between 30 and 60 days,” said Ri ...
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