NN Inc. to close manufacturing plant
NN Inc. announced it will close its manufacturing facility located in Tempe, Ariz.
The Tempe facility, acquired in the 2006 acquisition of Whirlaway Corporation, had sales of approximately $12.0 million for calendar year 2009. Whirlaway produces a variety of high-precision metal components including fluid control components and assemblies, shafts and other precision metal parts. The closing will impact approximately 130 employees.
"We are saddened to make this very difficult decision. However, current economic conditions coupled with the long-term manufacturing strategy for our Whirlaway business necessitate a consolidation of our manufacturing resources in Ohio. We anticipate a portion of the current production and products will be consolidated into our remaining two facilities in Wellington, Ohio," said Roderick R. Baty, chairman and CEO.
Headquartered in Johnson City, Tenn., NN Inc. manufactures and supplies high-precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. NN has 12 manufacturing plants in the United States, Western Europe, Eastern Europe and China.
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