Businessweek

Barnes Group Inc. operates as an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers. The company’s products and services are used in far-reaching applications that provide transportation, communication, manufacturing, and technology worldwide. Segments The company operates under three segments: Aerospace, Industrial, and Distribution. Aerospace This segment produces precision-machined and fabricated components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders worldwide, and the military. This segment also provides jet engine component overhaul and repair (MRO) services for various major turbine engine manufacturers, commercial airlines, and the military. MRO activities include the manufacture and delivery of aerospace aftermarket spare parts, including the revenue sharing programs under which the company receives a right to supply designated aftermarket parts through the life of the related aircraft engine program, and component repairs. Customers: This segment’s customer includes General Electric. Industrial This segment supplies engineered components for critical applications focused on providing solutions for various industrial and transportation customer base. It is equipped to produce every type of precision spring, from fine hairsprings for electronics and instruments to heavy-duty springs for machinery. The company manufactures and supplies precision mechanical products, including precision mechanical springs, compressor reed valves, and nitrogen gas products. This segment also manufactures high-precision punched and fine-blanked components used in transportation and industrial applications, nitrogen gas springs, and manifold systems used to precisely control stamping presses, and retention rings that position parts on a shaft or other axis. In 2012, the company acquired Synventive Molding Solutions, a designer and manufacturer of hot runner systems and components - the enabling technology for various complex injection molding applications. Customers: This segment has a customer base with products purchased by durable goods manufacturers located worldwide in industries, such as transportation, consumer products, farm equipment, telecommunications, medical devices, home appliances, and electronics. Products are sold primarily through its direct sales force and a global distribution channel. Markets: This segment has manufacturing, sales, assembly, and distribution operations in the United States, Brazil, Canada, China, the Czech Republic, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Slovakia, South Korea, Sweden, Switzerland, Thailand, and Turkey. Distribution This segment provides value-added logistics support services, including inventory management, technical sales, and supply chain solutions for maintenance, repair, operating, and production supplies and services. The global operations engage in supplying, servicing, and engineering of maintenance, repair, and operating components. Activities include logistics support through vendor-managed inventory and technical sales for stocked replacement parts and other products, catalog offerings, and custom solutions. Primary business drivers include a value proposition centered on customer service, delivery, multiple sales channels, procurement systems, and customer relationships. Markets: This segment has sales, distribution, and assembly operations in the United States, Brazil, Canada, China, France, Mexico, Singapore, Spain, and the United Kingdom. Products and services are available in approximately 30 countries. Research and Development The company spent approximately $9 million on research and development activities in 2012. History Barnes Group Inc. was founded in 1857.