Bristol, Conn. — Barnes Group Inc. is expanding its injection molding technology business through another acquisition: Gammaflux LP, a supplier of temperature controllers for hot runners and sequential gate valve gate controls.
Terms were not disclosed. Barnes announced the news March 6.
Gammaflux, which is based in Sterling, Va., and has offices in Illinois and Germany, also serves the blow molding, extrusion and thermoforming sectors. It will become part of Barnes Group's Molding Solutions unit.
Bristol-based Barnes launched Molding Solutions with the purchase of hot runner manufacturer Synventive in 2012. It's since added Otto Männer, Thermoplay, Priamus and most recently Foboha, the maker of rotating cube molds for thin-wall packaging, closures and other markets.
In a deal last year, Barnes paid $136 million for Foboha.
The Gammaflux deal, expected to close in the second quarter, would mark a continuation of Barnes' move to build an international plastics technology group.
“We look forward to adding Gammaflux control systems to our Molding Solutions business,” said Scott Mayo, senior vice president of Barnes Group, in a news release.
“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,” Mayo said. “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, create an unsurpassed offering to our customers in the plastic injection molding industry.”
Barnes Group is traded on the New York Stock Exchange. The company, in 1857, is a global industrial and aerospace manufacturer and service provider.
