Barnes Group Inc. to acquire M?nner

Barnes Group Inc. (NYSE:B), an international aerospace and industrial manufacturing and service provider, has entered into a definitive agreement to acquire privately held M?nner, a leader in high precision mold-making, valve gate hot runner systems, and system solutions for the medical/ pharmaceutical, packaging, and personal care/health care industries.

M?nner, which is headquartered in Bahlingen, Germany, operates out of three manufacturing locations in Germany, Switzerland and the United States, and has sales and service offices in Europe, Hong Kong/China and Japan.

Barnes Group has agreed to purchase the capital stock of all the M?nner operating companies for €275 million, subject to certain closing and post-closing adjustments, and is expected to finance the transaction with cash on hand and borrowings under the Company’s revolving credit facility. In addition, subject to the terms of the agreement, €27.5 million of the consideration payable would be delivered in the form of Barnes Group common stock. The acquisition is anticipated to close in late October or early November 2013, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Following the closing, M?nner will operate as a business unit within Barnes Group’s Industrial Segment.

Barnes Group will provide additional details about M?nner upon the close of the transaction.