NHBB parent agrees to acquire C&A Tool Engineering, Inc.

MinebeaMitsumi Inc., ultimate parent company of New Hampshire Ball Bearings, Inc., has signed a Stock Purchase Agreement to acquire all of the shares of C&A Tool Engineering, Inc.

C&A is a leading advanced manufacturing company offering high precision, technically complex parts across the medical, aerospace & defense, fuel system, and industrial end markets.

C&A meets the conditions of MinebeaMitsumi's acquisition strategy by increasing its footprint in aerospace and medical markets and boosting its machined components business. C&A expands MinebeaMitsumi's offering of machined components within its competencies of manufacturing to tight tolerances and extreme complexity.

The acquisition, a joint investment with Development Bank of Japan (DBJ), is expected to be completed in the next 30 days, pending certain regulatory approvals. The transaction will be executed as a joint investment of 51% and 49% by MinebeaMitsumi and DBJ respectively.

Post acquisition, C&A will operate under the NHBB/myonic Business Unit while financial consolidation will take place with MinebeaMitsumi in Japan. Under the NHBB/myonic Business Unit, C&A will gain market and customer experience, as well as global sales reach and expanded resources. With the addition of C&A, and prior acquisitions of myonic and CEROBEAR, the NHBB/myonic Business Unit will now operate five manufacturing facilities in the United States, two in Germany, and one in Czech Republic.