Tennessee-based NN Inc. (Nasdaq: NNBR) has completed its $375 million acquisition of Paragon Medical Inc. in Kosciusko County. NN Chief Executive Officer Richard Holder says the deal continues the manufacturer’s efforts to expand its life sciences portfolio.
NN, an industrial manufacturer of high-precision metal and plastic components and assemblies, first announced the acquisition in April. Paragon is a medical device manufacturer that focuses on orthopedic, case and tray, implant and instrument markets.
"We are thrilled to welcome the Paragon team to the NN family. Paragon Medical enhances our technical proficiencies, diversifies our product and finished device offerings, and adds key employees that will make impactful contributions throughout the organization," Holder said in a news release.
NN says the deal adds Paragon to its more than 50 facilities throughout the world.