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...
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