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Apollo Funds completed acquisition of Barnes Group
Barnes Group Inc., a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, has announced that funds managed by affiliates of Apollo have completed the previously announced acquisition of Barnes in an all-cash transaction with a total enterprise value of approximately $3.6 billion. “We are pleased to announce the completion of our transaction with Apollo Funds, which opens the door to the next phase in Barnes’ evolution,” said Thomas J. Hook, President and CEO of Barnes.
Molding novelties in 2024
Innovative Shadowfree technology as module element eliminates shadow formations in valve gate systems. In conventional injection moulding, undesirable, poorly flowing areas often occur in the hot runner due to roughness around the valve pin. This results in degradation reactions in the plastic melt and exceptionally long colour transitions. The innovative Shadowfree technology as module element eliminates the flow shadows in valve gate systems and enables a significantly faster colour change in the hot runner.
High-grade cosmetics packaging produced sustainably and efficiently
“The SmartPower injection molding machines offer extremely precise machine movements together with strong dynamism and high efficiency” says Cássio Luis Saltori, Managing Director of WITTMANN BATTENFELD do Brasil. “With these attributes, the series is predestined for use in the particularly price-sensitive production of upmarket cosmetics packaging.” The drive-on-demand technology combines fast-responding motors with powerful constant displacement pumps to enable extremely fast and simultaneously precise machine movements.
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