M&A Deal Summary

Barnes Group Acquires Premier s KENT Division

On July 31, 2006, Barnes Group acquired distribution company Premier s KENT Division from Premier Farnell for 41M USD

Acquisition Highlights
  • This is Barnes Group’s 6th transaction in the Distribution sector.
  • This is Barnes Group’s 9th largest (disclosed) transaction.
  • This is Barnes Group’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2006-07-31
Target Premier s KENT Division
Sector Distribution
Buyer(s) Barnes Group
Sellers(s) Premier Farnell
Deal Type Divestiture
Deal Value 41M USD

Target

Premier s KENT Division

United Kingdom
KENT distributes adhesives, sealants, specialty cleaning chemicals, abrasives, tools and other consumables to the European transportation aftermarket and industrial maintenance market.

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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 10 of 22
Sector (Distribution) 6 of 6
Type (Divestiture) 3 of 6
Country (United Kingdom) 3 of 5
Year (2006) 2 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-17 Heinz Hanggi AG

Bettlach, Switzerland

Heinz Hanggi AG, offers innovative and custom design solutions in the area of micro-punching, progressive die tooling and fine-blanking from prototypes to complete assemblies. Superior production technology provides value to the company's customers by eliminating costly secondary operations. Its range of manufacturing solutions allows the company to serve diversified industries, including high-precision components for transportation suppliers, the power tools sector, the watch industry, consumer electronics, telecommunications, medical devices, and textile machinery sectors.

Buy Fr.162M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-27 Orflam - Nitropush Product Line

France

Orflam - Nitropush Product Line, a high-quality gas springs for use in diverse industrial applications requiring high force and/or compact dimensions. Applications range from tool and die manufacturers, to industrial robots, to dump trucks, and waste compressors.

Buy -

Seller(S) 1

SELLER

Premier Farnell

London, United Kingdom

Category Company
Founded 1934
Sector Distribution
Employees4,500
Revenue 904M GBP (2016)
DESCRIPTION

Premier Farnell plc is a global distributor of electronic components and related products delivering engineering solutions to the electronic system design community utilizing multi-channel sales and marketing resources. The company supports a registered community of more than 430,000 members in 36 countries with multi-channel sales and marketing resources that combine traditional field sales and contact resources with innovative ecommerce interfaces.


DEAL STATS #
Overall 2 of 5
Sector (Distribution) 2 of 3
Type (Divestiture) 2 of 5
Country (United Kingdom) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-14 Buck & Hickman

Coventry, United Kingdom

Buck & Hickman Ltd. is a UK business-to-business distributor of industrial tools and supplies, selling products through catalogues, via its own branches and through its external sales force, of approximately 75 people. It has a National Distribution Centre in Coventry, stocks more than 48,000 products and has a well established "not in catalogue" service to customers. It has approximately 17,000 active customers and employs 700 staff.

Buy £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-21 Buck & Hickman

Coventry, United Kingdom

Buck & Hickman Ltd. is a UK business-to-business distributor of industrial tools and supplies, selling products through catalogues, via its own branches and through its external sales force, of approximately 75 people. It has a National Distribution Centre in Coventry, stocks more than 48,000 products and has a well established "not in catalogue" service to customers. It has approximately 17,000 active customers and employs 700 staff.

Sell -