NN acquires Paragon Medical for $375M cash (2.7 X sales, 9.3 X 2018 earnings)

Read more details on the acquisition here
NN, Inc. Announces Definitive Agreement To Acquire Paragon Medical (press release)
NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it has entered into a definitive agreement to acquire PMG Intermediate Holding Corporation, the parent company of Paragon Medical, Inc. for $375 million in cash.  Paragon Medical is a medical device manufacturer which focuses on the orthopedic, case and tray, implant and instrument markets. NN anticipates the transaction will close in the second quarter of 2018 and is subject to customary c...