Add-on Acquisition • Plastics

Barnes Group Acquires Midwest Plastic Components

On January 1, 2002, Barnes Group acquired plastics company Midwest Plastic Components

Acquisition Context
  • This is Barnes Group’s 1st transaction in the Plastics sector.
  • This is Barnes Group’s 3rd transaction in the United States.
  • This is Barnes Group’s 1st transaction in Minnesota.
Investment Fate
  • Midwest Plastic Components was divested to a consortium of buyers in 2007.
  • Midwest Plastic Components was sold to a strategic buyer in 2013.

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M&A Deal Summary

Date January 1, 2002
Target Midwest Plastic Components
Sector Plastics
Buyer(s) Barnes Group
Deal Type Add-on Acquisition

Target Company

Midwest Plastic Components

Minneapolis, Minnesota, United States
Midwest Plastic Components is a contract manufacturer of specialty injection molded plastic components as well as prototype and rapid turn molding. Midwest Plastic Components is headquartered in Minneapolis, Minnesota.
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Buyer Overview 1

Buyer

Barnes Group

Bristol, Connecticut, United States

Category Company
Founded 1857
Sector Manufacturing
Employees6,500
Revenue 1.5B USD (2023)
DESCRIPTION

Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. The products and services provided by Barnes Group are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes Group was incorporated in 1857 and is based in Bristol, Connecticut.


Deal Context for Buyer #
Overall 4 of 22
Sector: Plastics 1 of 3
Type: Add-on Acquisition 2 of 15
State: Minnesota 1 of 1
Country: United States 3 of 9
Year: 2002 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-11 Euro Stock Springs & Components

Evesham, United Kingdom

Euro Stock Springs & Components Ltd., is a supplier of springs and fasteners, we are justifiably proud of our reputation for first-class service and quality. We offer a comprehensive range of compression and extension springs, precision die springs, metre lengths of helical coiled spring, spring kits, finger spring washers, wavy spring washers and disc springs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-06 Kar Products

Des Plaines, Illinois, United States

Kar Products, is a full service distributor of maintenance, repair and operating (MRO) supplies to industrial, construction, transportation and other markets.

Buy $79M