Otto Männer Acquired by Barnes Group
Barnes Group Inc., Bristol, CT/USA, has entered into a definitive agreement to acquire privately held Otto Männer GmbH, Bahlingen, Germany, a leader in high precision mold making, valve gate hot runner systems, and system solutions for the medical/pharmaceutical, packaging, and personal care/health care industries.
Männer operates out of three manufacturing locations in Germany, Switzerland and the United States, and has sales and service offices in Europe, Hong Kong/China, and Japan.
Barnes Group, an international aerospace and industrial manufacturing and services provider, has agreed to purchase the capital stock of all the Männer operating companies for EUR 275 million, the acquisition is anticipated to close in late October or early November, subject to the receipt of regulatory approvals. Following the closing, Männer will operate as a business unit within Barnes Group's Industrial Segment.
A little over one year ago Barnes already bought hot runner manufacturer Synventive Molding Solutions, Peabody, MA/USA.
Otto Männer GmbH
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