Barnes, legally Barnes Group Inc., is a global industrial technology and aerospace manufacturer and service provider.
[2] It was founded in 1857[1] by the great-grandfather of Wallace Barnes,[3] who was appointed president in 1964, the same year in which the company added the Bowman Distribution Group to its Associated Spring enterprise.
As of 1991, the Barnes family owned a third of the company's stock; in that year, William R. Fenoglio - the first non-family member to hold the position of chief executive - took over from Barnes, leaving no Barnes in the executive suite, though some remained on the board.
[3] In October 2024, Barnes Group announced that it had entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management.
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