Bristol, CT-based Barnes Group Inc. (NYSE: B), parent company of Barnes Logistics and Manufacturing Services, No. 19 on the list of top industrial distributors, has received a binding offer from Berner SE to acquire its Barnes Distribution Europe business, comprised of the businesses that operate as Kent, BD France and Toolcom, subject to customary conditions and approvals. 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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Barnes Group’s BDE businesses are currently reported within the Company’s Logistics and Manufacturing Services segment and had 2010 revenues of approximately $105 million.
The BDE businesses are headquartered in Switzerland and have offices in Belgium, Denmark, France, Germany, Italy, Netherlands, Spain and the UK. BDE’s network of stocking distributors operates in over 25 countries, primarily in Europe.
