Jordan Company, Nautic to exit Precision Engineered Products
The Jordan Company and Nautic Partners said Monday they have agreed to sell Precision Engineered Products Holdings Inc. to NN Inc. Financial terms weren’t announced. NN, in a separate statement, said it is paying $615 million for Precision Engineered. Attleboro, Massachusetts-based Precision Engineered makes highly engineered precision customized solutions, like reusable and disposable surgical devices, for the medical, electrical, transportation and aerospace end markets. Piper Jaffray & Company and Lincoln International acted as financial advisors to PEP.
17 August 2015•4 mins read
