Barnes Group Swings €275M Deal For German Manufacturer

Law360, New York (October 1, 2013, 3:26 PM EDT) -- Barnes Group Inc. will purchase Manner, a privately held manufacturer based in Germany, for €275 million ($372.7 million), giving the international aerospace and industrial company a foothold in the medical and personal care plastic manufacturing field, it said Tuesday.

Barnes Group will finance the purchase of Manner's capital stock with current funds and a loan through the company's credit facility. About €27.5 million of the total cost will be paid in the form of Barnes Group common stock.

Manner, which employs about 400 people and has...
To view the full article, register now.