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|Barnes Group Inc. Completes Acquisition of Service Plus Distributors, Inc.|
BRISTOL, Conn.--(BUSINESS WIRE)--Oct. 4, 2005--Barnes Group Inc. (NYSE: B) announced completion of its acquisition of Service Plus Distributors, Inc. (SPD) of Bristol, Pennsylvania, a distributor of gas springs, dampers and hardware to equipment and vehicle manufacturers, for cash consideration of $13.7 million.
SPD markets and distributes gas springs and dampers, related mounting hardware, and industrial door and truck body hardware. Its products are used primarily for doors, hatches, and lids in a wide variety of applications including truck cabs, construction equipment, emergency vehicles, motor homes, boats, trailers, tool boxes, conveyors, compressors and exercise equipment. Customers include industrial equipment manufacturers, commercial and recreational vehicle manufacturers, and other wholesalers.
Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal components and assemblies and a distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2004 sales of $994.7 million: Barnes Distribution, an international, full-service distributor of maintenance, repair, operating, and production supplies; Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs and a global supplier of retaining rings, reed valves, shock discs, and injection-molded plastic components; and Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and components for commercial and military aircraft engines, airframes, and land-based industrial gas turbines. Over 5,900 dedicated employees at 60 locations worldwide contribute to Barnes Group Inc.'s success.
CONTACT: Barnes Group Inc.