BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products and differentiated industrial technologies, today announced that it has acquired Industrial Gas Springs Group Holdings Limited. IGS is a recognized designer, manufacturer and supplier of customized gas springs.
IGS is headquartered in the United Kingdom, with distribution and assembly capabilities in the United States. The company has diversified end markets including general industrial, transportation, aerospace, and medical, among others. IGS will operate as a business within Barnes Group’s Industrial Segment, as part of the Nitrogen Gas Products (“NGP”) strategic business unit.
“We look forward to adding IGS’s force and motion control product applications to our NGP business,” said Scott A. Mayo, Senior Vice President, Barnes Group Inc. and President, Barnes Industrial. “Their complementary, highly diversified end markets and strong customized product application engineering represent a great opportunity for us to scale and broaden NGP’s technology portfolio and customer base.”
The transaction is not material to Barnes Group’s consolidated financial position or liquidity.
About Barnes Group
Barnes Group Inc. (NYSE: B) is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications including aerospace, transportation, manufacturing, healthcare, and packaging. Barnes Group’s skilled and dedicated employees around the globe are committed to the highest performance standards and achieving consistent, sustainable profitable growth. For more information, visit www.BGInc.com.
