Barnes announces sale of associated spring™ and hÄnggi™ businesses as part of continued portfolio optimization and long-term profitable growth strategy

Bristol, conn.--(business wire)--barnes group inc. (nyse: b), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that it has entered into a definitive agreement to sell its associated spring™ and hÄnggi™ businesses to one equity partners. the transaction is valued at $175 million, inclusive of a $15 million seller promissory note due in 24 months. expected net cash proceeds of $150 million will be used to reduce deb.
B Ratings Summary
B Quant Ranking