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Stock impact report

Barnes (B) Divests Spring & Hanggi Units to One Equity Partners [Yahoo! Finance]

Barnes Group, Inc. (B) 
Last barnes group, inc. earnings: 4/24 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
million, out of which payment of $21 million will be made after the transfer of certain foreign assets. This deal was announced in January 2024. Headquartered in New York, One Equity Partners is a middle-market private equity company that invests in the industrial, technology and healthcare sectors in North America and Europe. The company has assets under management of more than $10 billion. Spring and Hänggi businesses are engaged in producing engineered spring and precision metal components, micro-stamping, progressive stamping and fine blanking spaces. These businesses cater to general industrial, automotive and other end markets. The divestment of Spring and Hänggi businesses will help Barnes to focus more on its core business and rebalance its portfolio toward the Aerospace segment. With the divestment, B will be able to integrate, combine and rationalize its Industrial business. Barnes will utilize the net cash proceeds from the transaction, worth $140 million, to reduce t Show less Read more
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