Add-on Acquisition • Distribution

Barnes Group Acquires Kar Products

On February 6, 2003, Barnes Group acquired distribution company Kar Products for 79M USD

Acquisition Context
  • This is Barnes Group’s 3rd transaction in the Distribution sector.
  • This is Barnes Group’s 7th largest (disclosed) transaction.
  • This is Barnes Group’s 4th transaction in the United States.
  • This is Barnes Group’s 1st transaction in Illinois.

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M&A Deal Summary

Date February 6, 2003
Target Kar Products
Sector Distribution
Buyer(s) Barnes Group
Deal Type Add-on Acquisition
Deal Value 79M USD

Target Company

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.
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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 5 of 22
Sector: Distribution 3 of 6
Type: Add-on Acquisition 3 of 15
State: Illinois 1 of 1
Country: United States 4 of 9
Year: 2003 1 of 1
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-17 DE-STA-Co.

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.

Buy -