Barnes Group Inc. operates as an international industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. Segments The company’s segments include Industrial and Aerospace. Industrial Industrial is a global manufacturer of precision parts, products and systems for critical applications serving a customer base in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy. Focused on custom solutions, Industrial participates in the design phase of components and assemblies whereby customers receive the benefits of application and systems engineering, new product development, testing and evaluation, and the manufacturing of final products. Products are sold primarily through its direct sales force and global distribution channels. Industrial designs and manufactures customized hot runner systems and precision mold assemblies - the enabling technologies for injection molding applications. It is a manufacturer and supplier of precision mechanical products, including mechanical springs and nitrogen gas products. Industrial manufactures high-precision punched and fine-blanked components used in transportation and industrial applications, nitrogen gas springs and manifold systems used to precisely control stamping presses, and retention rings that position parts on a shaft or other axis. Industrial is equipped to produce every type of precision spring, from fine hairsprings for electronics and instruments to large heavy-duty springs for machinery. The company owns the Männer Business, which engages in the development and manufacture of high precision molds, valve gate hot runner systems, and system solutions for the medical/pharmaceutical, packaging, and personal care/health care industries. The Männer Business includes manufacturing locations in Germany, Switzerland and the United States, and sales and service offices in Europe, the United States, Hong Kong/China and Japan. The company owns Synventive Molding Solutions, a designer and manufacturer of highly engineered and customized hot runner systems and components. Industrial also has sales and service operations in the United States, Brazil, Canada, China/Hong Kong, France, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Slovakia, South Korea, Spain, Thailand, and the United Kingdom. Aerospace Aerospace is a global provider of precision-machined and fabricated components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military. The Aerospace aftermarket business provides jet engine component maintenance overhaul and repair services, including the company’s component repair programs, for turbine engine manufacturers, commercial airlines and the military. The Aerospace aftermarket activities also include the manufacture and delivery of aerospace aftermarket spare parts, including the revenue sharing programs under which the company receives a right to supply designated aftermarket parts over the life of the related aircraft engine program. Sales by Aerospace to the company’s major customer, General Electric, accounted for approximately 54% of its sales in 2014. Research and Development For the fiscal year ended December 31, 2014, the company spent approximately $16 million on research and development activities. History Barnes Group Inc. was founded in 1857.
barnes group inc (B:New York)
123 Main Street
Bristol, CT 06010
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