Barnes Group Inc., which has bought three hot runner makers in the past two years, is adding to its global plastics-business platform by acquiring Priamus System Technologies AG, the Swiss maker of in-mold sensing systems and process controls.
Barnes, the Bristol, Conn.-based industrial company, announced the news Oct. 1. Barnes is traded on the New York Stock Exchange.
The purchase price was not disclosed.
Priamus was founded in Schaffhausen, Switzerland, in 2001. The company grew to become a major maker of in-mold control systems. Priamus' equipment monitors mold parameters in real time, like mold-cavity pressure and temperature, and feeds the data to the machine control. The company makes hot runner controls.
Priamus opened its U.S. operation in 2002. Priamus System Technologies LLC is in Brunswick, Ohio.
Barnes said Priamus employs about 40 people.
Barnes was founded in 1857, and specializes in precision machining and fabrication of components for a range of markets, including aerospace, industrial and automotive.
Barnes has beefed up in plastics — buying Synventive Molding Solutions Group in 2012, Otto Männer GmbH in 2013, and this year, Thermoplay SpA.
“We are excited about adding Priamus and its exceptional design and applications engineering capabilities to Barnes Group,” Scott Mayo, Barnes' senior vice president, said in a statement announcing the deal.
“We believe the combination of Priamus' innovative suite of sensor and process control systems and Barnes Group's portfolio of plastic injection molding solutions will enable us to create something truly unique and expand what's possible in injection molding,” Mayo said.