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|Barnes Group Inc. Acquires Nitropush Product Line|
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 statements.
CONTACT: Barnes Group Inc.