Barnes To Acquire Mb Aerospace

Barnes To Acquire Mb Aerospace

06/06/23, 9:41 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgwindsor
Industry
aerospace
manufacturing
Barnes Group Inc. (NYSE: B) today announced that it has entered into a definitive agreement to acquire MB Aerospace (“MB”). MB Aerospace is a leading provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers for an enterprise value of approximately $740 million. The transaction is expected to close in the fourth quarter of 2023, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

Company Info

Company
Barnes Aerospace
Location
Windsor, Connecticut, United States
Company info
Barnes Aerospace, a business of Barnes (NYSE: B) is a global manufacturer of precision-machined and fabricated components and assemblies for original equipment manufacturer (OEM) turbine engine, airframe and industrial gas turbine builders throughout the world, and for the military. Barnes Aerospace also provides jet engine component overhaul and repair (MRO) services for many of the world's major turbine engine manufacturers, commercial airlines and the military. Additionally, we manufacture aerospace aftermarket spare parts and provide repair services for aerospace engine components. Barnes Aerospace provides a total solutions package to our customers that leverages the synergies between our OEM and MRO businesses to address complex aerospace customer needs and support products through the entire lifecycle.

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