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|Barnes Group Inc. Acquires Di-Dro Manifold System Product Line|
BRISTOL, Conn.--(BUSINESS WIRE)--Feb. 26, 2007--Barnes Group Inc. (NYSE: B) today announced that it has acquired the assets of the Di-Dro Manifold Systems product line from Di-Dro Systems, Inc. The Di-Dro Manifold System product line will be integrated into Barnes Group Inc.'s Associated Spring business segment. Terms of the acquisition were not disclosed.
The Di-Dro Manifold System product line is complementary to Associated Spring's Nitrogen Gas Spring Manifold System product line. The addition of the Di-Dro Manifold System product line expands the Company's market leadership 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 to waste compressors around the world.
Celebrating its 150th anniversary in 2007, Barnes Group Inc. (NYSE:B) is an international diversified aerospace and industrial components manufacturing and distribution company focused on achieving consistent, sustainable and predictable results. Founded in 1857, Barnes Group consists of three businesses: Barnes Distribution, Associated Spring and Barnes Aerospace. Over 6,600 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.
CONTACT: Barnes Group Inc. Brian D. Koppy, 860-973-2126 Investor Relations or Stephen J. McKelvey, 860-973-2132 Corporate Communications SOURCE: Barnes Group Inc.