NN, Inc.(NASDAQ:NNBR), a supplier of high-precision metal bearing components, has acquired 79.2% of the outstanding shares of RFK Valjcici Konjic, a manufacturer of tapered roller bearings with operations in Konjic, Bosnia & Herzegovina. 

NN said that it expects to acquire the remaining shares of RFK in the near future. Financial terms of the deal were not disclosed.  RFK, a listed company on the Sarajevo Stock Exchange, is expected to have sales of approximately $12.0 million in 2014. It currently exports all of its products, predominately to customers serving the European truck, industrial vehicle and railway markets. 

NN (NASDAQ:NNBR) said it would continue operations at the existing facilities in Bosnia and would roll up the operations under its NN Metal Bearing Components Group. 

Richard Holder, President and Chief Executive Officer of NN, commented: “This acquisition along with the announced acquisition of V-S Industries in February of this year, are key first steps in the execution of our strategic growth plan. The acquisition of RFK increases our global manufacturing footprint in Eastern Europe and will strengthen our current product offering to our existing customer base while allowing us to further penetrate the truck, industrial vehicle and railway markets.”

He added: “We remain actively engaged in discussions with other acquisition targets and expect to announce additional transactions in the near future.”  NN’s shares were unchanged during Wednesday’s pre-market trading session at $25.25. The company has traded at a high of $26.45 and a low of $9.98 per share over the past 52 weeks.