Barnes Group Inc. (NYSE: B), Bristol, Connecticut, has entered into a definitive agreement to sell its Seeger-Orbis business to the Kajo Neukirchen Group. Terms of the transaction were not disclosed.
Seeger, headquartered in Königstein, Germany, develops and produces a comprehensive range of retaining rings, fasteners, snap rings and shims and generates annual revenues of approximately $60 million. Seeger operates as part of Barnes Group’s Engineered Components strategic business unit within the Industrial Segment.
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