Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Barnes Group Inc.
Sale to Berner SE
Baird served as the exclusive financial advisor to Barnes Group Inc. on this transaction
Barnes Group Inc. (“Barnes Group”) (NYSE: B) recently completed the sale of its European distribution business (“Barnes Distribution Europe”) to Berner SE (“Berner”).
Barnes Distribution Europe is comprised of the businesses that operate as Kent, BD France and Toolcom. Barnes Distribution Europe is a leading distributor of automotive aftermarket and industrial maintenance, repair and operations products and solutions to the European market.
Barnes Group, based in Bristol, Connecticut, is a diversified global manufacturer and logistical services company focused on providing precision component manufacturing and operating service support. Founded in 1857, Barnes Group has approximately 4,300 dedicated employees at more than 50 locations worldwide. Barnes Group is publicly traded on the New York Stock Exchange.
Headquartered in Künzelsau, Germany, Berner is a leading direct seller of consumables, tools and specialist technical chemicals primarily to the European construction and automotive industries.