Kajo Neukirchen Group completed the acquisition of Seeger-Orbis Business of Barnes Group.

Kajo Neukirchen Group completed the acquisition of Seeger-Orbis Business, which develops and produces a comprehensive range of retaining rings, fasteners, snap rings and shims, of Barnes Group, a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions. Financial terms were not disclosed. Barnes Group anticipates an approximate $0.1 net impact to 2020 earnings per share from Seeger’s forgone operating profit contribution, partially offset by interest savings from reduced debt with redeployment of the sale proceeds. Barnes Group’s 2020 financial outlook will be provided on the Company’s fourth quarter 2019 earnings call scheduled for February 21, 2020.