Barnes Group Inc. Renames Its Industrial Business Segment.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 Barnes, former municipal borough, SE England. See Richmond upon Thames. Group Inc. (NYSE NYSE See: New York Stock Exchange : B) today announced that it has renamed its Associated Spring business segment Barnes Industrial. The Barnes Industrial business segment consists of six strategic business units (SBUs): Precision Forming; Retention Rings; Nitrogen Gas Products; Precision Valves; Engineered Springs; and Plastics. The Associated Spring brand will remain within the Engineered Springs SBU SBU St. Bonaventure University (St. Bonaventure, New York) SBU Stony Brook University (State University of New York) SBU Southwest Baptist University (Bolivar, MO) . The name change more accurately identifies the end markets and customers of the individual businesses within Barnes Industrial. The change to Barnes Industrial brings the name of the business segment in parallel with Barnes Group Inc.'s other two business segments - Barnes Aerospace and Barnes Distribution. "The name Barnes Industrial reflects the diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. of our global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. ," said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc. "Barnes Industrial and its business units are premier global providers of precision components for critical applications. Celebrating its 150th anniversary in 2007, Barnes Group Inc. is an international aerospace and industrial components manufacturing and distribution company focused on achieving consistent, sustainable and predictable results. Founded in 1857, Barnes Group consists of three businesses: Barnes Aerospace, Barnes Distribution and Barnes Industrial. Over 6,600 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. |
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