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        IMA

Barnes beefs up tooling capabilites with Gammaflux acquisition

Gammaflux

Barnes Group, a global industrial and aerospace manufacturer and service provider, has entered into a definitive agreement to acquire privately held Gammaflux L.P., a supplier of hot runner temperature and sequential valve gate control systems to the plastics industry.

Gammaflux is headquartered in Sterling, Virginia, US, and has offices in Illinois and Germany. While primarily serving the plastic injection moulding industry, the company also provides temperature control solutions for blow moulding, extrusion, and thermoforming applications. Its end markets include packaging, electronics, automotive, medical, and household products.

“We look forward to adding Gammaflux control systems to our Moulding Solutions business,” said Scott A. Mayo, Senior Vice President of Barnes Group Inc. and President, Barnes Industrial. “Gammaflux adds technologically advanced, hot runner temperature control systems to our existing product portfolio, which enable molders to achieve precise temperature control of the injection moulding process within the mold. This will ensure high quality parts in the most critical moulding applications. These capabilities, when combined with Barnes Group’s leading hot runner, complex mold, and sensor technologies, create an unsurpassed offering to our customers in the plastic injection moulding industry.”

The transaction is anticipated to close in the second quarter of 2017, subject to the satisfaction of certain closing conditions, and is not material to Barnes Group’s consolidated financial position or liquidity.

Following the closing, Gammaflux will operate as a business within Barnes Group’s Industrial Segment, in the Moulding Solutions strategic business unit, which includes Synventive, Männer, Thermoplay, Priamus, and recently acquired Foboha. With a comprehensive portfolio of technologies and value-added services, Barnes Group delivers premium tool-based solutions to customers across a broad spectrum of injection moulding applications.

(IMA)


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