Barnes sells European distribution arm
Barnes Group Inc. completed the sale of its Barnes Distribution Europe (BDE) business to Berner SE in a cash transaction for approximately $33 million.
BDE is comprised of businesses that operate as Kent, BD France and Toolcom and had full-year 2010 sales of approximately $105 million that are included within Barnes Group's Logistics and Manufacturing Services segment.
Berner SE is a 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 Group Inc. on the sale of BDE.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
