Bristol manufacturer Barnes Group Inc. said the estimated $33 million cash sale of its European distribution operation to Berner SE is complete.
The unit was comprised of businesses that operate as Kent, BD France and Toolcom and had full-year 2010 sales of about $105 million that are included within Barnes Group’s Logistics and Manufacturing Services segment.
Berner SE is a leading direct seller in Europe of consumables, tools and specialist technical chemicals, primarily in the construction and automotive industries.
Baird served as the exclusive financial advisor to Barnes on the sale.
