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Barnes Group Inc. Acquires Priamus System Technologies

BRISTOL CT. USA October 1 2015

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Priamus is a Supplier of Advanced Mold Cavity Sensors and Process Control Systems for the Plastic Injection Molding Industry
Acquisition Furthers Barnes Group’s Strategy to Expand Its Intellectual Property Based Offerings in the Plastic Injection Molding Equipment Market

BRISTOL, Conn.--(BUSINESS WIRE)-- Barnes Group Inc. (NYSE: B), an international industrial and aerospace manufacturer and service provider, today announced that it has acquired privately held Priamus System Technologies, a technology leader in the development of advanced process control systems for the plastic injection molding industry.

Priamus services many of the world’s highest quality plastic injection molders in the medical, automotive, consumer goods, electronics, and packaging markets. The business, which has approximately 40 employees, is headquartered in Schaffhausen, Switzerland and has direct sales and service offices in the United States and Germany.

“We are excited about adding Priamus and its exceptional design and applications engineering capabilities to Barnes Group,” said Scott A. Mayo, Senior Vice President of Barnes Group Inc. and President, Barnes Industrial. “We believe the combination of Priamus’ innovative suite of sensor and process control systems and Barnes Group’s portfolio of plastic injection molding solutions will enable us to create something truly unique and expand what’s possible in injection molding. As the plastics industry becomes more complex and global, Priamus’ engineered products and Barnes Group’s global scale will generate exciting growth opportunities for all businesses in Barnes Group’s expanding plastics portfolio.” Barnes Group provides complete tool-based solutions for all types of injection molding applications with a focus on delivering high quality products, advanced technologies, and value-added services. Priamus will operate as a business within Barnes Group’s Industrial segment, which includes leading technology-based businesses Synventive Molding Solutions, Männer, and recently acquired Thermoplay.

 

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