The global distributor is looking at 'strategic options' in light of continued challenging market conditions in Europe.
Day: July 17, 2012
Robotronic is the parent company of Medina, OH-based ProMotion Controls.
Six-month sales rose 20 percent.
Profit increased 14 percent.
Acquisition expands Barnes Group's intellectual property-based manufacturing capability.
Capacity utilization was 78.9 percent.
Acquisition from Heroux-Devtek to broaden aerostructures machining capabilities.
The purchase will strengthen the French distributors presence in the southeastern U.S.
The project is expected to take several years to implement at a cost of $40 million-$45 million.