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Strategic Initiatives

NN, Inc. Acquiring Paragon Medical -

NN entered into a definitive agreement to acquire Paragon Medical for US $375MM in cash. For 2017, Paragon posted revenue of $141.0MM. NN is acquiring PMG Intermediate Holding, the parent company of Paragon Medical, from Beecken Petty O’Keefe. The acquisition supports NN’s strategy to grow its Life Science revenue to $300.0MM in 2018. Update: The transaction has closed as of May 7. (NN, Inc., and Paragon Medical, Inc., 4/3/18; NN, Inc., 5/7/18)