Apollo-backed Barnes Group completed the demerger of its Barnes Aerospace and The Industrial Solutions Group.

Apollo-backed Barnes Group, an industrial and aerospace manufacturer, completed the demerger of its Barnes Aerospace, a global manufacturer, and The Industrial Solutions Group, a manufacturer of precision products. Financial terms were not disclosed. “This separation is a pivotal step in Apollo’s strategy to unlock the full potential of Barnes’ historic businesses, enabling each company to define its own growth strategies and focus resources where they can drive the greatest impact. Each business is led by an exceptional team with the flexibility to chart its own value creation path, and we are confident that this separation will enable maximum realization of Barnes’ immense growth potential,” Antoine Munfakh, Barnes Chairman of Board of Directors.