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Barnes Group ( (B) ) has provided an announcement.
On January 27, 2025, Apollo Funds completed the acquisition of Barnes Group Inc. in an all-cash transaction valued at approximately $3.6 billion. This acquisition marks a significant phase in Barnes’ evolution, aiming to enhance growth and innovation in its aerospace and industrial sectors. Barnes’ common stock ceased trading and has been delisted from the New York Stock Exchange. The transaction is expected to strengthen Barnes’ market position and accelerate its transformation strategy under Apollo’s ownership.
More about Barnes Group
Barnes Group Inc. is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions. The company specializes in aerospace and industrial sectors, producing and servicing components for commercial and military turbine engines, nacelles, and airframes. Barnes Industrial focuses on engineered plastics and industrial automation solutions. Established in 1857, Barnes operates worldwide with headquarters in Bristol, Connecticut.
YTD Price Performance: 0.47%
Average Trading Volume: 740,838
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.42B
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