One Equity Partners completed the acquisition of the Associated Spring and Hanggi businesses from Barnes Group for $175m.

One Equity Partners, a private equity firm, completed the acquisition of the Associated Spring and Hanggi businesses from Barnes Group, a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, for $175m. “This acquisition is another example of OEP’s ability to execute corporate carve-outs of attractive and specialized industrial assets from major industry players. We believe Associated Spring is well-positioned in the global springs and stampings production sector, and is primed for growth as a major industrial supplier to growing and attractive segments including the aerospace and medical end markets,” Ante Kusurin, One Equity Partner.