Barnes Group to acquire Gammaflux

Barnes Group Inc. (Bristol, CT), a global industrial and aerospace manufacturer and service provider, has entered into a definitive agreement to acquire privately held Gammaflux L.P., a supplier of hot-runner temperature and sequential valve gate control systems to the plastics industry.

Gammaflux is headquartered in Sterling, VA, and has offices in Illinois and Germany. While primarily serving the plastic injection molding industry, the company also provides temperature control solutions for blowmolding, extrusion and thermoforming applications. Its end markets include packaging, electronics, automotive, medical and household products.

“We look forward to adding Gammaflux control systems to our Molding Solutions business,” said Scott A. Mayo, Senior Vice President of Barnes Group Inc. and President of Barnes Industrial, in a prepared statement. “Gammaflux adds technologically advanced hot-runner temperature control systems to our existing product portfolio, which enable molders to achieve precise temperature control of the injection molding process within the mold. This will ensure high-quality parts in the most critical molding applications. These capabilities, when combined with Barnes Group’s leading hot runner, complex mold and sensor technologies, will create an unsurpassed offering to our customers in the plastic injection molding industry.”

Founded in 1857, Barnes Group serves a wide range of end markets and customers. The highly engineered products, differentiated industrial technologies and innovative solutions are used in far-reaching applications that provide transportation, healthcare and technology to the world.

The transaction is expected to close in the second quarter of 2017, subject to the satisfaction of certain closing conditions, and is not material to Barnes Group’s consolidated financial position or liquidity.

Following the closing, Gammaflux will operate as a business within Barnes Group’s Industrial Segment, in the Molding Solutions strategic business unit, which includes technology-based businesses Synventive, Manner, Thermoplay, Priamus and recently acquired Foboha.