Barnes Group Inc. (NYSE: B), an international industrial and aerospace manufacturer and service provider, acquired Priamus System Technologies, a technology developer of advanced process control systems for the plastic injection molding industry.
The amount of the deal was not disclosed. Priamus will operate as a business within Barnes Group’s Industrial segment, which includes technology-based businesses Synventive Molding Solutions, Männer, and recently acquired Thermoplay.
Priamus services plastic injection molders in the medical, automotive, consumer goods, electronics, and packaging markets. The business, which has approximately 40 employees, is headquartered in Schaffhausen, Switzerland and has direct sales and service offices in the United States and Germany.
Founded in 1857, Barnes Group provides complete tool-based solutions for all types of injection molding applications with a focus on delivering products, advanced technologies, and value-added services. Its products, technologies, and solutions are used in far-reaching applications that provide transportation, manufacturing, healthcare products, and technology to the world. Barnes Group employs approximately 4,700 skilled and dedicated employees, at more than 60 locations worldwide.
FinSMEs
05/10/2015