Profile: Barnes Group Inc (B.N)
24 Mar 2017
Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company's engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. The Company's segments include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Nitrogen Gas Products and Engineered Components business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, which includes maintenance repair and overhaul (MRO) services and the manufacture and delivery of aerospace aftermarket spare parts.
The Industrial segment is engaged in the manufacturing of precision parts, products and systems for applications serving a customer base in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices and energy. Focused on custom solutions, Industrial segment participates in the design phase of components and assemblies whereby customers receive the benefits of application and systems engineering, new product development, testing and evaluation, and the manufacturing of final products. Products are sold primarily through its direct sales force and global distribution channels. Industrial's Molding Solutions businesses design and manufacture customized hot runner systems, advanced mold cavity sensors and process control systems, and precision high cavitation and cube mold assemblies for various plastic injection molding applications.
Industrial's Nitrogen Gas Products business manufactures nitrogen gas springs and manifold systems used to control stamping presses. Industrial's Engineered Components businesses manufacture and supply precision mechanical products used in transportation and industrial applications, including mechanical springs, high-precision punched and fine-blanked components, and retaining rings. Engineered Components is equipped to produce various types of precision springs, from fine hairsprings for electronics and instruments to heavy-duty springs for machinery. Industrial has manufacturing, distribution and assembly operations in the United States, Brazil, China, Germany, Italy, Mexico, Singapore, Sweden and Switzerland. Industrial also has sales and service operations in the United States, Brazil, Canada, Czech Republic, China/Hong Kong, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Slovakia, South Africa, South Korea, Spain, Switzerland, Thailand and the United Kingdom.
The Company's Aerospace segment is engaged in providing fabricated and precision machined components and assemblies for OEM turbine engine, airframe and industrial gas turbine builders, and the military. The Aerospace aftermarket business provides jet engine component MRO services, including services performed under its Component Repair Programs (CRPs), for various turbine engine manufacturers, commercial airlines and the military. The Aerospace aftermarket activities also include the manufacture and delivery of aerospace aftermarket spare parts, including the revenue sharing programs (RSPs) under which the Company receives an exclusive right to supply designated aftermarket parts over the life of the related aircraft engine programs. Aerospace's OEM business supplements the jet engine OEM solutions.
Aerospace's fabrication and machining operations, with facilities in Arizona, Connecticut, Michigan, Ohio, Utah and Singapore, produce engine and airframe components through manufacturing processes. The Aerospace aftermarket business supplements jet engine OEMs' maintenance, repair and overhaul solutions. Aerospace's aftermarket facilities, located in Connecticut, Ohio and Singapore, specialize in the repair and refurbishment of components and assemblies, such as cases, rotating life limited parts, rotating air seals, turbine shrouds, vanes and honeycomb air seals.
Barnes Group Inc
123 MAIN ST
BRISTOL CT 06010
Company Web Links
- BRIEF-Barnes Group CEO Patrick Dempsey's 2016 total compensation was $6.2 mln
- BRIEF-Barnes Group CEO Patrick Dempsey's total 2016 compensation $6.2 mln
- BRIEF-Barnes Group Inc to acquire Gammaflux L.P.
- BRIEF-Barnes Group Q4 adjusted earnings per share $0.67
- BRIEF-Barnes Group Q3 adjusted earnings per share $0.71