Deal Details

Sale to MSC Industrial Direct Co., Inc.

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Summary

About

Barnes Group Inc. (“Barnes Group”) (NYSE: B) recently completed the sale of its Barnes Distribution North America business (“BDNA”) to MSC Industrial Direct Co., Inc. (“MSC”) (NYSE: MSM) for $550 million.

BDNA is an industry leader in logistical support by providing inventory management, technical sales and supply chain solutions for maintenance, repair, operating and production supplies. BDNA offers a diverse range of service options and innovative solutions to meet customers’ individual needs and improve their overall profitability. BDNA services roughly 31,000 customers with nearly 1,400 associates, including over 800 field sales associates, and offers more than 55,000 stock keeping units.

Barnes Group is an international aerospace and industrial manufacturer and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology. Barnes Group has approximately 3,700 dedicated employees at more than 60 locations worldwide.

MSC is one of the largest distributors of Metalworking and Maintenance, Repair and Operations (“MRO”) supplies to industrial customers throughout the United States. MSC employs one of the industry’s largest sales forces and distributes approximately 900,000 industrial products from approximately 3,000 suppliers.

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