Barnes Group Closes MB Aerospace Deal
Barnes Group completed its $740 million acquisition of British manufacturer MB Aerospace Aug. 31, the largest deal in the Bristol-based company’s history.
MB Aerospace is a leading provider of precision component manufacturing and repair services serving aerospace and defense engine OEMs, tier 1 suppliers, and MRO providers.
Barnes originally announced the acquisition June 5, pending “regulatory approvals and the satisfaction of other customary closing conditions.”
MB Aerospace, which has 1,450 employees and facilities in the U.K., Poland, Taiwan, and East Granby and Warren, Massachusetts, will maintain its headquarters in Motherwell, Scotland.
In a media statement, Barnes said the acquisition is expected to add approximately $110 million in sales.
“We’re excited to welcome MB Aerospace and its talented workforce to Barnes Aerospace,” said Barnes Group senior vice president and Barnes Aerospace president Ian Reason.
“The significant growth opportunities provided by this combination will enhance our ability to deliver value-add solutions across the aero-engine value chain.
“MB Aerospace brings welcomed customer diversification within both commercial aerospace and defense platforms and provides Barnes with a well-balanced portfolio across aerospace and industrial end markets.”
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