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Barnes Completes $175 million Sale of Associated Spring, Hanggi
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Barnes Completes $175 million Sale of Associated Spring, Hanggi
Apr 4, 2024 2:08 PM

04:45 PM EDT, 04/04/2024 (MT Newswires) -- Barnes (B) said late Thursday it completed the divestiture of Associated Spring and Hanggi businesses to One Equity Partners.

The purchase price was $175 million, subject to closing adjustments. The company plans to use net proceeds of about $140 million to cut debt.

Price: 35.11, Change: -0.02, Percent Change: -0.06

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