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Barnes Group Inc. to Acquire Männer

  Barnes Group Inc. to Acquire Männer

  *Männer is a Leader in the Development and Manufacture of High Precision
    Molds, Valve Gate Hot Runner Systems, and Micro-Injection Molding Systems
  *Acquisition Expands Barnes Group’s Intellectual Property Based
    Manufacturing Capability and Diversifies Injection Molding End Markets

Business Wire

BRISTOL, Conn. -- October 1, 2013

Barnes Group Inc. (NYSE:B), an international aerospace and industrial
manufacturing and service provider, today announced that it has entered into a
definitive agreement to acquire privately held Männer, a leader in high
precision mold-making, valve gate hot runner systems, and system solutions for
the medical/pharmaceutical, packaging, and personal care/health care
industries.

Männer, which is headquartered in Bahlingen, Germany, operates out of three
manufacturing locations in Germany, Switzerland and the United States, and has
sales and service offices in Europe, Hong Kong/China and Japan.

Barnes Group has agreed to purchase the capital stock of all the Männer
operating companies for €275 million, subject to certain closing and
post-closing adjustments, and is expected to finance the transaction with cash
on hand and borrowings under the Company’s revolving credit facility. In
addition, subject to the terms of the agreement, €27.5 million of the
consideration payable would be delivered in the form of Barnes Group common
stock. The acquisition is anticipated to close in late October or early
November 2013, subject to the receipt of regulatory approvals and the
satisfaction of other customary closing conditions. Following the closing,
Männer will operate as a business unit within Barnes Group’s Industrial
Segment.

“We look forward to adding Männer and its highly skilled and committed
workforce to Barnes Group and the significant new opportunities for growth we
expect this acquisition to generate,” said Patrick Dempsey, President and CEO
of Barnes Group Inc. “We anticipate the global demand for more complex, highly
technical injection molding solutions to increase substantially in the future
and are eager to add Männer’s innovative suite of products and services to
Barnes Group’s core capabilities. We welcome the opportunity to invest in and
grow this successful company and to continue to provide customers with the
superior products and services associated with both Barnes Group and Männer
brands.”

Barnes Group will provide additional details about Männer upon the close of
the transaction.

About Barnes Group

Founded in 1857, Barnes Group Inc. (NYSE: B) is an international aerospace and
industrial manufacturer and service provider, serving a wide range of end
markets and customers. The products and services provided by Barnes Group are
used in far-reaching applications that provide transportation, communication,
manufacturing and technology to the world. Barnes Group’s approximately 3,800
dedicated employees, at more than 60 locations worldwide, are committed to
achieving consistent and sustainable profitable growth. For more information,
visit www.BGInc.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
often address our expected future operating and financial performance and
financial condition, and often contain words such as "anticipate," "believe,"
"expect," "plan," "strategy," "estimate," "project," and similar terms. These
forward-looking statements do not constitute guarantees of future performance
and are subject to a variety of risks and uncertainties that may cause actual
results to differ materially from those expressed in the forward-looking
statements. These include, among others: difficulty maintaining relationships
with employees, customers, distributors, suppliers, business partners or
governmental entities; difficulties leveraging market opportunities; changes
in market demand for our products and services; rapid technological and market
change; the ability to protect intellectual property rights; introduction or
development of new products or transfer of work; higher risks in international
operations and markets; the impact of intense competition; and other risks and
uncertainties described in documents filed with or furnished to the Securities
and Exchange Commission (SEC) by the Company, including, among others, those
in the Management's Discussion and Analysis of Financial Condition and Results
of Operations and Risk Factors sections of the Company's filings. The risks
and uncertainties described in our periodic filings with the SEC include,
among others, uncertainties relating to conditions in financial markets;
currency fluctuations and foreign currency exposure; future financial
performance of the industries or customers that we serve; our dependence upon
revenues and earnings from a small number of significant customers; a major
loss of customers; inability to realize expected sales or profits from
existing backlog due to a range of factors, including insourcing decisions,
material changes as well as production schedules and volumes of specific
programs; changes in raw material or product prices and availability;
integration of acquired businesses; restructuring costs or savings; the
continuing impact of prior acquisitions and divestitures and our pending
acquisition of Männer and any other future strategic actions, including
acquisitions, joint ventures, divestitures, restructurings, or strategic
business realignments, and our ability to achieve the financial and
operational targets set in connection with any such actions; the impacts of
the U.S. Tax Court's April 16, 2013 decision and any related appeal; the
outcome of pending and future legal, governmental, or regulatory proceedings
and contingencies; uninsured claims; future repurchases of common stock;
future levels of indebtedness; and numerous other matters of global, regional
or national scale, including those of a political, economic, business,
competitive, environmental, regulatory and public health nature. The Company
assumes no obligation to update our forward-looking statements.

Contact:

Barnes Group Inc.
William Pitts
Director, Investor Relations
860-583-7070
 
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