Barnes Group Inc. Acquires Nitropush Product Line.BRISTOL Bristol, cities, United States Bristol. 1 Industrial city (1990 pop. 60,640), Hartford co., central Conn., on the Pequabuck River; settled 1727, inc. 1785. Its clock-making industry dates from 1790. , Conn. -- Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange : B), today announced that it has acquired the assets of the Nitropush product line of nitrogen gas springs from Orflam Industries of France. The Nitropush brand will be integrated into Barnes Group Inc.'s Associated Spring business segment. Terms of the acquisition were not disclosed. The Nitropush line of nitrogen gas springs expands the Company's global market leadership position in high-quality gas springs for use in diverse industrial applications requiring high force and/or compact dimensions. Applications range from tool and die manufacturers, to industrial robots An industrial robot is officially defined by ISO[1] as an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes. , to dump trucks, and waste compressors. "This acquisition reinforces our technological leadership position in the nitrogen gas product arena," said Jerry W. Burris, President, Associated Spring. "The addition of the Nitropush brand enhances our global product offering and provides greater penetration into the growing European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. market for nitrogen gas systems." Orflam Industries is a manufacturer of specialty equipment for industrial consumers. Orflam Industries is a subsidiary of MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. Meusienne de Mecanique. Barnes Group Inc. (NYSE:B) is an international diversified diversified (di·verˑ·s industrial manufacturing and distribution company focused on achieving balanced, sustainable, profitable growth. Founded in 1857, Barnes Group consists of three businesses: Barnes Distribution, Associated Spring and Barnes Aerospace. Over 6,500 dedicated employees at more than 65 locations worldwide contribute to Barnes Group Inc.'s success. The Company has paid cash dividends to stockholders on a continuous basis since 1934. For more information, visit www.barnesgroupinc.com. This release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. The risks and uncertainties, which are described in our periodic filings with the Securities and Exchange Commission, include, among others, uncertainties arising from the behavior of financial markets; future financial performance of the industries or customers that we serve; changes in market demand for our products and services; integration of acquired businesses; changes in raw material prices and availability; our dependence upon revenues and earnings from a small number of significant customers; uninsured claims; and numerous other matters of global, regional or national scale, including those of a political, economic, business, competitive, regulatory and public health nature. The Company assumes no obligation to update our forward-looking statements. |
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