Deal Details
Sale of Seeger-Orbis to Kajo Neukirchen Group
Summary
Baird served as exclusive financial advisor to Barnes Group Inc. on this transaction
About
Barnes Group Inc. (“Barnes”) (NYSE: B) has completed the sale of its subsidiary Seeger-Orbis (“Seeger” or “The Company”) to Kajo Neukirchen Group (“Neukirchen”). Terms of the transaction were not disclosed.Barnes is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Barnes specialised products and services are used in far-reaching applications including aerospace, transportation, manufacturing, automation, healthcare, and packaging. Barnes is headquartered in Bristol, Connecticut.
Seeger is a global leader in developing and manufacturing high precision fastener solutions with more than 100 years of experience. The Company offers retaining rings, fasteners, snap rings and shims for a variety of applications in the automotive, transportation and other industrial markets. With its two manufacturing sites in Germany and China, Seeger is an engineering and innovation partner for leading global OEMs and tier suppliers. Seeger is headquartered in Königstein, Germany.
Neukirchen is a multi-asset family office with a long-term investment horizon. As part of their strategy, Neukirchen invests in medium sized family owned companies and corporate divestitures. Founder, Kajo Neukirchen, to whom the business owes its name, has successfully led numerous major corporations and enterprises. Neukirchen is headquartered in Eschborn, Germany.
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- Date
- February 2020
- Company
- Barnes Group Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- Europe
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