M&A Deal Summary

Barnes Group Acquires DE-STA-

On September 17, 2004, Barnes Group acquired machinery company DE-STA- from Dover

Acquisition Highlights
  • This is Barnes Group’s 1st transaction in the Machinery sector.
  • This is Barnes Group’s 5th transaction in the United States.
  • This is Barnes Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2004-09-17
Target DE-STA-
Sector Machinery
Buyer(s) Barnes Group
Sellers(s) Dover
Deal Type Divestiture

Target

DE-STA-

Auburn Hills, Michigan, United States
DE-STA-Co., a Dover Company, is a leader in the innovation, design, manufacture and support of clamping, gripping, transfer and robotic tooling solutions for workplace and industrial automation needs.

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Buyer(S) 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 STATS #
Overall 6 of 22
Sector (Machinery) 1 of 5
Type (Divestiture) 2 of 6
State (Michigan) 1 of 1
Country (United States) 5 of 9
Year (2004) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-09 Toolcom Supplies

Dunfermline, United Kingdom

Toolcom Supplies Ltd., is a distributor of maintenance, repair, and operating (MRO) supplies and replacement parts. It has specific product experience in workshop consumables, electrical and janitorial products, and vehicle components, and operates a managed inventory system.

Buy $13M

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States
Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 3 of 28
Sector (Machinery) 2 of 12
Type (Divestiture) 3 of 24
State (Michigan) 1 of 2
Country (United States) 3 of 23
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-31 US Synthetic

Orem, Utah, United States

The world's largest independent manufacturer of synthetic diamonds used in oil and gas drill bits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-15 Trantech

Edgefield, South Carolina, United States

Trantech is a domestic designer, manufacturer, and supplier of branded radiators and cooling systems for transformer original equipment manufacturer products used in the electric power generation, transmission, and distribution markets and other industrial end markets. Trantech was founded in 1932 and is based in Edgefield, South Carolina.

Sell -
Mergr

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