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Autocam Corporation To Merge With NN
- Client News
- July 21, 2014
Paul, Weiss client Autocam Corporation announced that it has entered into a definitive agreement to be acquired by NN, Inc., a Tennessee-based manufacturer and supplier of high precision metal bearing components and industrial plastic and rubber products, for $244.5 million in cash, $25 million in stock and the assumption of $30.5 million in debt. Headquartered in Grand Rapids, Michigan, Autocam has been a leader in the engineering, manufacture and assembly of complex components for fuel systems, engines and transmissions, and power steering and electric motors. Autocam employs over 2,100 employees and has operations in 15 facilities in the U.S., Europe, South America and Asia.
The Paul, Weiss team advising Autocam included, among others, M&A partner Jeffrey Marell; environmental counsel William O'Brien; financing partner Eric Goodison; intellectual property counsel Claudine Meredith-Goujon; international trade counsel Richard Elliot; litigation partner Aidan Synnott; real estate partner Salvatore Gogliormella; and tax partner David Mayo.