Barnes Group Inc. sells its Associated Spring™ and Hänggi™ businesses to the private equity firm One Equity Partners

Barnes Group Inc. (listed on NYSE), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, has entered into an agreement to sell its Associated Spring™ and Hänggi™ businesses to the private equity firm One Equity Partners. Associated Spring™ and Hänggi™ are leaders and innovators in engineered spring and precision metal component manufacturing, progressive stamping, micro-stamping, and fine blanking.

Combined, the businesses had approximately UDS 200 million in revenues over the last twelve months with over 800 employees worldwide and manufacturing operations in the United States, Mexico, Brazil, Switzerland, and Singapore. The transaction is valued at USD 175 million. Subject to regulatory and other customary closing conditions, the transaction is expected to close early 2024.

Lenz & Staehelin advises Barnes Group Inc. on all Swiss related aspects of the transaction. The team includes Tino Gaberthüel, Simone Ehrsam, Lukas Held (all Corporate/M&A) as well as Fabiano Menghini (Real Estate), Lukas Aebi and Joshua Lehmann (both Tax).