Latest In Barnes Group
Year-to-date sales up 19.4 percent year-over-year.
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Organic sales up 4 percent in first quarter.
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Second-quarter sales growth for MSC primarily a result of BDNA's sales.
MSC's acquisition of Barnes' North American distribution operations was among the top deals in 2013.
Aerospace and industrial segment sales both increased.
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Mnner is a manufacturer of high-precision molds, valve gate hot runner systems and micro-injection molding systems.
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Sales from continuing operations increased 24 percent.
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The recently acquired Barnes Distribution North America business contributed nearly $35 million to third-quarter sales.
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The group completed the sale of its distribution segment April 22.
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With the acquisition, MSC adds 1,400 people to the company.
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Acquisition of BDNA will help keep MSC on its growth track, even with unexpected sluggishness in the overall economy.
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MSC is expanding into product adjacencies with the acquisition of Barnes Distribution North America.
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Topics covered included the MSC-Barnes deal, e-commerce’s role in wholesale distribution and communicating the value you add for customers.
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MSC Industrial Supply stands to benefit on several fronts when the deal to acquire Barnes closes.
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In February, MSC Industrial Direct Co. (NYSE: MSM) announced plans to buy Barnes Distribution North America, which has a footprint throughout the U.S. and Canada. This article takes a look at the impact of the deal, both on the individual companies and on the industrial distribution landscape.
MRO distributor MSC Industrial Direct Co. Inc., Melville, NY, has agreed to acquire the North American distribution business of the Barnes Group Inc., for $550 million. The acquisition, which is expected to close in late March or early April, will add fasteners and other high-margin consumable products and services to MSC’s portfolio. MSC also gains Barnes’ vendor managed inventory solution.
The deal does not include the Associated Spring Raymond portion of Barnes Distribution North America.
The transaction will contribute to MSC’s goal of reaching $4 billion in revenues by 2016, according to MSC President and CEO Erik Gershwind.
Deal Drivers
“Barnes Distribution North America brings to MSC a complete vendor-managed inventory solution, which strengthens MSC’s value proposition to its customer base,” says Tom Lange, managing director and head of Robert W. Baird & Co.’s Distribution Group, which advised Barnes Group on the divestiture.
“Second, Barnes Distribution and MSC have …
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With the acquisition, MSC gains a broader footprint in the U.S. and Canada and access to an established vendor-managed inventory system.
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