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Barnes Group history
Barnes Group company history timeline
When Wallace died in 1893 at the age of 65, he left an estate appraised at about $70,000--not as much as one might expect from such an active businessman, but reflective of his varied interests.
By 1910, when C.F Barnes's son Fuller joined the company, Barnes was employing a workforce of about 200.
Associated's total payroll jumped to 6,000 in 1943, when shipments hit an all-time high of $31 million.
Sales in 1946 hit $22.6 million and the company was still employing more than 4,000 workers.
1946: Associated Spring begins trading shares publicly.
1963: Associated Spring is listed on the New York Stock Exchange.
To that end, Associated purchased Bowman Products Company in 1964, giving it an instant and significant stature as a distributor of repair and replacement parts.
Because of the widened scope of the organization, its name was changed in 1976 from Associated Spring to Barnes Group Inc.
Their concerns were confirmed in 1981, when net income plunged from $24 million to just $5 million.
Martin had served stints with several manufacturers before joining Barnes in 1990.
The Bowman Distribution and Curtis Industries brand names remained in place, as did the Mechanic's Choice, a line Curtis had acquired from Avnet in 1996.
1998: New CEO Edmund Carpenter sets company on acquisition path.
Cleveland area-based Nitrogen Gas Products, the nitrogen gas spring operation of Teledyne Fluid Systems, was acquired in August 1999.
Still Expanding After 2000
By 2003 the acquisition drive had raised the number of employees to 6,100 at 60 sites around the world.
Net income rose 22 percent in 2003 to $33 million.
2004: Nine acquisitions in five years have added $370 million to annual sales.
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Barnes Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| FLIR Systems | 1978 | $1.9B | 4,179 | 330 |
| Senior plc | 1933 | $1.4B | 8,025 | 150 |
| Parker Hannifin | 1917 | $19.9B | 57,170 | 732 |
| Dover | 1955 | $7.7B | 23,000 | 376 |
| Power Equipment | 1936 | $21.9M | 2 | 24 |
| United Service Technologies | 1995 | $80.7B | 243,200 | 91 |
| Nkl | 1891 | $140.8M | 466 | - |
| Hubbell | 1888 | $5.6B | 19,700 | 295 |
| Griffon | 1959 | $2.6B | 4,700 | 1 |
| Vesuvius Holdings Limited | - | $2.0B | 10,350 | - |
Barnes Group history FAQs
Zippia gives an in-depth look into the details of Barnes Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Barnes Group. The employee data is based on information from people who have self-reported their past or current employments at Barnes Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Barnes Group. The data presented on this page does not represent the view of Barnes Group and its employees or that of Zippia.
Barnes Group may also be known as or be related to Barnes Group Inc Retiree Medical Plan, Barnes Group Inc, Barnes Group and Barnes Group Inc.