BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced it has completed the divestiture of its Seeger-Orbis business to the Kajo Neukirchen Group.

Seeger, formerly part of Barnes Group’s Engineered Components strategic business unit within the Industrial Segment, develops and produces a comprehensive range of retaining rings, fasteners, snap rings and shims and generates annual revenues of approximately $60 million.

Barnes Group anticipates an approximate $0.10 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.

About Barnes Group

Barnes Group Inc. (NYSE: B) is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications including aerospace, transportation, manufacturing, automation, healthcare, and packaging. Barnes Group’s skilled and dedicated employees around the globe are committed to the highest performance standards and achieving consistent, sustainable profitable growth. For more information, visit www.BGInc.com.

About The Kajo Neukirchen Group

The Kajo Neukirchen Group is a family business specializing in investments in companies, real estate and forestry. In all its activities, the Kajo Neukirchen Group can draw on the long experience of its founder, Kajo Neukirchen, to whom the business owes its name, and who has successfully led numerous major corporations and enterprises.