Barnes Group (B) to Acquire MB Aerospace

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Go back to Barnes Group (B) to Acquire MB Aerospace

Barnes to Acquire MB Aerospace

June 5, 2023 8:30 AM EDT

MB Aerospace is a Leading Provider of Precision Aero-Engine Components and Component Repairs for Commercial and Military Aircraft Engines Unique and Highly Complementary Footprint and Technical Capabilities Serving Major Engine OEM, Tier 1 Suppliers, and Operator Customers Globally Significantly Strengthens and Expands Barnes Aerospaces Global Original Equipment Manufacturing Offering and Aftermarket Repair Capabilities Anticipates Revenue Growth, Adjusted Operating Margin, and Adjusted EPS Accretion in Full Year 2024 Strong pro forma free cash flow enables rapid deleveraging, with net debt to Consolidated EBITDA expected below 3.0x within 12 months and 2.5x within 24 months following... More