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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): April 4, 2024
 
BARNES GROUP INC.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of incorporation)
 
1-04801
 
06-0247840
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
123 Main Street
Bristol
Connecticut
 
06010
(Address of principal executive offices)
 
(Zip Code)
 
(860) 583-7070
Registrant's telephone number, including area code
 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class
Trading
Symbol
Name of Each Exchange
on Which Registered
Common Stock, par value $0.01 per share
B
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01.
Regulation FD Disclosure.

On April 4, 2024, Barnes Group Inc. (the “Company”) issued a press release announcing the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.  A copy of this press release is furnished with this report as Exhibit 99.1.

The information furnished under this Item 7.01, including Exhibit 99.1, shall be deemed “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.
Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
Description
Press Release of Barnes Group Inc., dated April 4, 2024.
104
Cover page from this Current Report on Form 8-K, formatted in Inline XBRL.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


BARNES GROUP INC.

(Registrant)



Date: April 4, 2024 By:
/s/ Jay B. Knoll


Jay B. Knoll


Senior Vice President, General Counsel



EX-99 2 ef20026099_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

Barnes
860.583.7070  |  info@onebarnes.com
onebarnes.com
 
Barnes Announces Completion of Previously Announced Sale of Associated Spring™ and Hänggi™ Businesses

April 4, 2024

BRISTOL, Conn., — Barnes Group Inc. (NYSE: B) today announced the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.

“The sale of Associated Spring and Hänggi businesses is an important step in our ongoing portfolio optimization strategy to deliver improved shareholder value,” said President and CEO Thomas Hook. “This divestiture forwards our progress to integrate, consolidate and rationalize our Industrial business, while our recent acquisition of MB Aerospace greatly scales our Aerospace business.  Continued execution of our strategy will make Barnes a more focused and competitive company on a path to accelerate profitable growth.”

The purchase price was $175 million, subject to customary closing adjustments, of which approximately $21 million will be paid upon completion of the transfer of certain foreign assets, in lieu of a previously contemplated seller promissory note. Net cash proceeds of approximately $140 million will be used to reduce debt.

About Barnes
Barnes Group Inc. (NYSE: B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering excellence, Barnes delivers exceptional value to customers through advanced manufacturing capabilities and cutting-edge industrial technologies. Barnes Aerospace specializes in the production and servicing of intricate fabricated and precision-machined components for both commercial and military turbine engines, nacelles, and airframes. Barnes Industrial excels in advancing the processing, control, and sustainability of engineered plastics and delivering innovative, custom-tailored solutions for industrial automation and metal forming applications. Established in 1857 and headquartered in Bristol, Connecticut, USA, the Company has manufacturing and support operations around the globe. For more information, please visit www.onebarnes.com. 

Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future operating and financial performance and financial condition, and often contain words such as “anticipate,” “believe,” “expect,” “plan,” strategy,” “estimate,” “project,” “continue,” “will,” “should,” “may,” and similar terms. These forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties are addressed in Barnes Group Inc.’s filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q, and 8-K. The Company assumes no obligation to update our forward-looking statements.

123 Main Street, Bristol, CT  06010-6376 




Category: General

Investors:
Barnes Group Inc.
William Pitts
Vice President, Investor Relations
860.583.7070
ir@onebarnes.com


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