Barnes Buys MB Aerospace For $740M, Its Largest Acquisition Ever
Portfolio Pulse from Lekha Gupta
Barnes Group Inc (NYSE:B) has agreed to acquire MB Aerospace for $740 million, its largest acquisition ever. MB Aerospace offers precision aero-engine component manufacturing and repair services. The acquisition is expected to close in Q4 2023, and Barnes expects revenue growth, adjusted operating margin, and adjusted EPS accretion in 2024 from the deal.
June 05, 2023 | 3:22 pm
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Barnes Group acquires MB Aerospace for $740 million, its largest acquisition ever. The deal is expected to close in Q4 2023 and boost revenue growth, adjusted operating margin, and adjusted EPS accretion in 2024.
The acquisition of MB Aerospace is a significant catalyst for Barnes Group's aerospace business. The deal is expected to close in Q4 2023, and Barnes expects revenue growth, adjusted operating margin, and adjusted EPS accretion in 2024 from the deal. This is likely to have a positive impact on Barnes Group's stock price in the short term.
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