BRISTOL, Conn.--(BUSINESS WIRE)--Nov. 27, 2006--Barnes Group Inc.
(NYSE: B), today announced that it has acquired the assets of the
Nitropush product line of nitrogen gas springs from Orflam Industries
of France. The Nitropush brand will be integrated into Barnes Group
Inc.'s Associated Spring business segment. Terms of the acquisition
were not disclosed.
The Nitropush line of nitrogen gas springs expands the Company's
global market leadership position in high-quality gas springs for use
in diverse industrial applications requiring high force and/or compact
dimensions. Applications range from tool and die manufacturers, to
industrial robots, to dump trucks, and waste compressors.
"This acquisition reinforces our technological leadership position
in the nitrogen gas product arena," said Jerry W. Burris, President,
Associated Spring. "The addition of the Nitropush brand enhances our
global product offering and provides greater penetration into the
growing European market for nitrogen gas systems."
Orflam Industries is a manufacturer of specialty equipment for
industrial consumers. Orflam Industries is a subsidiary of MCM
Meusienne de Mecanique.
Barnes Group Inc. (NYSE:B) is an international diversified
industrial manufacturing and distribution company focused on achieving
balanced, sustainable, profitable growth. Founded in 1857, Barnes
Group consists of three businesses: Barnes Distribution, Associated
Spring and Barnes Aerospace. Over 6,500 dedicated employees at more
than 65 locations worldwide contribute to Barnes Group Inc.'s success.
The Company has paid cash dividends to stockholders on a continuous
basis since 1934. For more information, visit www.barnesgroupinc.com.
This release may contain certain forward-looking statements as
defined in the Private Securities Litigation and Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from
those expressed in the forward-looking statements. The risks and
uncertainties, which are described in our periodic filings with the
Securities and Exchange Commission, include, among others,
uncertainties arising from the behavior of financial markets; future
financial performance of the industries or customers that we serve;
changes in market demand for our products and services; integration of
acquired businesses; changes in raw material prices and availability;
our dependence upon revenues and earnings from a small number of
significant customers; uninsured claims; and numerous other matters of
global, regional or national scale, including those of a political,
economic, business, competitive, regulatory and public health nature.
The Company assumes no obligation to update our forward-looking
CONTACT: Barnes Group Inc.
Brian D. Koppy
Stephen J. McKelvey
SOURCE: Barnes Group