Profile: Barnes Group Inc (B.N)

B.N on New York Stock Exchange

37.86USD
10 Jul 2014
Price Change (% chg)

$-0.10 (-0.26%)
Prev Close
$37.96
Open
$37.16
Day's High
$37.88
Day's Low
$37.08
Volume
135,330
Avg. Vol
73,552
52-wk High
$40.90
52-wk Low
$31.23

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Barnes Group Inc. (Barnes Group), incorporated on January 30, 1925, is an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers. The products and services provided by Barnes Group are used in applications, which provide transportation, communication, manufacturing and technology globally. The Company operates under three global business segments: Aerospace, Industrial and Distribution. In August 2012, the Company completed the acquisition of Synventive Molding Solutions. In April 2013, MSC Industrial Direct Co Inc announced that it has completed the acquisition of the North American distribution business (BDNA or the Business) of the Company. In April 2013, MSC Industrial Direct Co Inc announced that it has completed the acquisition of the North American distribution business (BDNA or the Business) of the Company. In October 2013, the Company announced that it has completed its acquisition of the operating companies of privately held Manner.

Aerospace

Aerospace produces precision-machined and fabricated components and assemblies for original equipment manufacturer (OEM) turbine engine, airframe and industrial gas turbine builders throughout the world, and the military. Aerospace also provides jet engine component overhaul and repair (MRO) services for turbine engine manufacturers, commercial airlines and the military. MRO activities include the manufacture and delivery of aerospace aftermarket spare parts, including the revenue sharing programs (RSPs), under which the Company receives a right to supply designated aftermarket parts over the life of the related aircraft engine program, and component repairs.

Industrial

Industrial is a supplier of engineered components for critical applications focused on providing solutions for an industrial and transportation customer base. It is equipped to produce precision spring, from fine hairsprings for electronics and instruments to heavy-duty springs for machinery. It is also a manufacturer and supplier of precision mechanical products, including precision mechanical springs, compressor reed valves and nitrogen gas products. Industrial also manufactures punched and fine-blanked components used in transportation and industrial applications, nitrogen gas springs and manifold systems used to control stamping presses, and retention rings that position parts on a shaft or other axis. Industrial has a customer base with products purchased by durable goods manufacturers located globally in industries, including transportation, consumer products, farm equipment, telecommunications, medical devices, home appliances and electronics.

Distribution

Distribution provides logistics support services, including inventory management, technical sales, and supply chain solutions for maintenance, repair, operating, and production supplies and services. The global operations are engaged in supplying, servicing and engineering of maintenance, repair and operating components. Activities include logistics support through vendor-managed inventory and technical sales for stocked replacement parts and other products, catalog offerings and custom solutions.

Company Address

Barnes Group Inc

123 MAIN ST
BRISTOL   CT   06010
P: +1860.5837070
F: +1302.6745266

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