Priamus Acquired by Barnes Group
Priamus System Technolgoies AG, Schaffhausen, Switzerland, announced that it has completed its transaction to be acquired by Barnes Group Inc. of Bristol, Connecticut, USA. Priamus will operate as a business within Barnes Group’s Industrial segment.
Priamus services many of the world’s highest quality plastic injection molders in the medical, automotive, consumer goods, electronics, and packaging markets. The company has approximately 40 qualified employees and is headquartered in Switzerland with direct sales and service offices in the United States and Germany, and distributors across the globe.
Founded in 1857, Barnes Group Inc. (NYSE: B) is an international industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. Barnes Group has approximately 4,700 employees, at more than 60 locations worldwide. Barnes Group’s Industrial segment includes leading plastics industry technology-based businesses Synventive Molding Solutions, Männer, and the recently acquired Thermoplay, with manufacturing facilities in North America, Europe and Asia as well as sales offices and agents in many countries.
“The combination of Priamus FillControl systems with Barnes Group’s hot runner and mold expertise including Synventive’s activeGate products enhances our ability to serve our customers and opens new opportunities for enhanced process control for critical molding applications,” said Christopherus Bader, Managing Director of Priamus. “Becoming part of Barnes Group will allow both companies to realize faster growth together than each could achieve on its own.”
Priamus System Technologies AG
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