Barnes Group Inc. (NYSE: B) has said that their business unit will close a manufacturing facility in Burlington, Canada. The will be moving the Associated Springs unit's operations and equipment to a facility in the United States. The company has yet to decide what plant they will ship the work and equipment to. Barnes Group has plants in New York, Pennsylvania, Michigan, Wisconsin and Bristol. The plant is expected to close on March 2010.
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About Barnes Group
Barnes Group Inc. (Barnes Group) is an international aerospace and industrial components manufacturer and logistical services company serving a range of end markets and customers. The products and services provided by Barnes Group are critical components for far-reaching applications that provide transportation, communication, manufacturing and technology to the world. During the year ended December 31, 2008, it had two operating business segments: Logistics and Manufacturing Services, which provides logistical support and repair services and Precision Components, which is a global supplier of engineered components for critical applications focused on providing solutions for a diverse industrial, transportation and aerospace customer base. In December 2008, Barnes Group sold its United Kingdom Motalink van business, based in Corsham, England. In January 2009, the Company sold its North American integrated supply activity within its logistics business.
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