Bristol aerospace and industrial manufacturer Barnes Group Inc. said it’s reached an agreement to acquire German mold-maker Männer for $372.4 million.
Barnes CEO Patrick Dempsey said in a statement that the company expects the global demand for complex, injection molding products and services to increase substantially in the future.
Männer has manufacturing locations in Germany, Switzerland and Lawrenceville, Ga.
Barnes said it will finance the sale, slated for late October or early November, with cash on hand and through its revolving credit facility. Following the sale, Männer would operate as a business unit within Barnes’ industrial segment.
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Of the purchase price, $37.2 million would be delivered in the form of Barnes common stock.
