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Barnes Group Inc. (NYSE: B), Bristol, CT, a diversified global manufacturer and logistical services company, has sold its Barnes Distribution Europe business to Berner SE for about $33 million in cash.
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BDE is comprised of businesses that operate as Kent, BD France and Toolcom and had full-year 2010 sales of $105 million included in Barnes Group’s Logistics and Manufacturing Services segment.
Berner SE is a direct seller in Europe of consumables, tools and specialist technical chemicals, primarily in the construction and automotive industries.
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