NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that it will close its shared services center in Johnson City, TN at the end of June. The move aligns with the Company's strategic focus on operating excellence and efficiency as it looks to streamline services and reduce cost as part of the NN Operating System. NN expects to retain certain roles and functions through relocation and other arrangements.

Richard Holder, President and CEO, commented, "The associates in our shared services center have worked diligently to support the business, and we greatly appreciate their efforts. We always carefully weigh decisions that affect our associates and we will work hard to support all team members affected by this decision. This decision, while difficult, will make NN a more agile and efficient company moving forward and better positions us to execute on our strategic plan."

NN, Inc., a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has 51 facilities in North America, Western Europe, Eastern Europe, South America and China.