polkamatic
9 년 전
Barnes Group Inc. Completes Acquisition of Thermoplay
Barnes Group Inc.
August 12, 2015 4:15 PM
BRISTOL, Conn.--(BUSINESS WIRE)--
Barnes Group Inc. (NYSE:B), an international aerospace and industrial manufacturing and service provider, today announced that it has completed its acquisition of privately held Thermoplay.
www.businesswire.com/news/home/20150812006261/en/#.Vc6crpDiuhc
Thermoplay specializes in the design, development, and manufacturing of hot runner solutions for plastic injection molding applications primarily in the packaging, automotive, and medical end markets. Thermoplay’s headquarters and manufacturing facility are located in Pont-Saint-Martin in Aosta, Italy, with technical service capabilities in China, India, France, Germany, United Kingdom, Portugal, and Brazil. The company has annual revenues of approximately €35 million and over 200 employees serving customers worldwide.
Barnes Group purchased 100% of Thermoplay’s capital stock for €50 million and financed the transaction with cash on hand and borrowings under the Company’s revolving credit facility. Thermoplay will operate as a business unit within Barnes Group’s Industrial segment.
“We are pleased to complete the Thermoplay transaction and welcome its skilled workforce to Barnes Group,” said Patrick Dempsey, President and CEO of Barnes Group. “Thermoplay will allow us to leverage the many differentiated technologies and manufacturing capabilities we offer in the plastic injection molding industry, and broaden the end markets that we serve.”
About Barnes Group
Founded in 1857, Barnes Group Inc. (NYSE:B) is an international industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. The highly engineered products, differentiated industrial technologies, and innovative solutions delivered by Barnes Group are used in far-reaching applications that provide transportation, manufacturing, healthcare products, and technology to the world. Barnes Group’s approximately 4,700 skilled and dedicated employees, at more than 60 locations worldwide, are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150812006261/en/
Contact:
Barnes Group Inc.
William Pitts
Director, Investor Relations
860-583-7070
FUNMAN
11 년 전
Here's a surprise announcement that may be contributing to the recent excitement in the stock.
Barnes Group to acquire Manner in €275M deal • 9:10 AM
Barnes Group (B) agrees to acquire privately-held Männer for ~€275M ($373M), giving the diversified manufacturer additional offerings in mold-making and hot runner systems.
Männer, headquartered in Germany, operates out of three manufacturing locations in Germany, Switzerland and the U.S., and has sales and service offices in Europe, Hong Kong and Japan.
ThoughtPower
11 년 전
news out:
Barnes Group Inc. Announces Third Quarter 2013 Conference Call Webcast
Print
Alert
Barnes (NYSE:B)
Intraday Stock Chart
Today : Friday 27 September 2013
Barnes Group Inc. (NYSE: B) today announced that its third quarter 2013 results will be made public on Friday, October 25, 2013, before the market opens, and that the third quarter 2013 results conference call will begin at 8:30 a.m. (ET) on that day.
The public may access the conference through a live audio webcast available on Barnes Group’s investor relations link on the Internet at www.BGInc.com. Supplemental materials will be posted to the investor relations section of the Company's website prior to the conference call. Investors can access a replay of the webcast on the Company’s website shortly after the conclusion of the call.
The webcast is also being distributed over Thomson's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in Thomson's Individual Investor Network. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).
The conference is also available by direct dial at (888) 713-4213 in the U.S. or (617) 213-4865 outside of the U.S. (request the Barnes Group Earnings Call); Participant Code: 22589800.
In addition, the call will be recorded and available for playback beginning at 12:00 p.m. (ET) on Friday, October 25, 2013 by dialing (617) 801-6888; Passcode: 26282633.
polkamatic
14 년 전
Barnes Group Inc. Reports Third Quarter 2010 Financial Results
Barnes Group Inc. (NYSE: B), a diversified global manufacturer and logistical services company, today reported financial results for the third quarter 2010. The Company reported net income of $15.1 million, or $0.27 per diluted share, compared to $10.9 million, or $0.20 per diluted share in the third quarter of 2009. Barnes Group’s third quarter 2010 sales totaled $289.9 million, an increase of 11.4 percent from $260.3 million in the third quarter of 2009.
http://ih.advfn.com/p.php?pid=nmona&article=44989600&symbol=B
“Continued improvements in the current economic climate, particularly within our industrial and automotive end markets, led to double-digit sales growth for the second consecutive quarter,” said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc. “This increase in sales, paired with our continued focus on maintaining an efficient cost structure and productivity, contributed to a meaningful improvement to our third quarter operating profit.
“We also experienced continued growth in our backlog and strong order rates, which position us well to build upon our success as we move into the fourth quarter,” Milzcik said. “While we are seeing strong growth in Precision Components and increased activity within our distribution and aerospace aftermarket businesses, we continue to remain cautious. Our 2010 diluted earnings per share guidance has been tightened to $0.95 to $1.00 given current and anticipated market conditions.”
polkamatic
14 년 전
Barnes Group Earnings Conference Call (Q3 2010)
Scheduled to start Fri, Oct 29, 2010, 8:30 am Eastern
http://biz.yahoo.com/cc/4/117934.html
After the event has finished, the audio will be available
from this page until Sun, Oct 30, 2011
polkamatic
14 년 전
Barnes Group Inc. Declares Quarterly Dividend
Date : 10/21/2010 @ 12:26PM
Source : Business Wire
Stock : Barnes Group Inc. (B)
Quote : 18.53 0.52 (2.89%) @ 2:49PM
The Board of Directors of Barnes Group Inc. (NYSE: B) has declared a quarterly cash dividend of 8 cents ($0.08) per share. The dividend will be payable December 10, 2010 to shareholders of record at the close of business on November 30, 2010.
Barnes Group Inc. and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934.
Barnes Group Inc. (NYSE: B) is a diversified global manufacturer and logistical services company focused on providing precision component manufacturing and operating service support. Founded in 1857, more than 4,800 dedicated employees
at more than 60 locations worldwide are committed to achieving consistent and sustainable profitable growth. For more information, visit www.BGInc.com. Barnes Group, the Critical Components People.
http://ih.advfn.com/p.php?pid=nmona&article=44885460&symbol=B
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