Barnes Group Announces Settlement of Labor Stoppage at Associated Spring-Bristol Facility

    BRISTOL, Conn.--April 16, 2002--Barnes Group Inc. has announced the end of a work stoppage at its Associated Spring facility in Bristol, Connecticut, pursuant to ratification on April 14, of a three-year agreement by the United Auto Workers, Local 712, terms of which were not disclosed.
    Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2001 sales of $769 million: Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs; Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and products for aircraft engines, airframes, and land-based industrial gas turbines; and Barnes Distribution, an international distributor of maintenance, repair and operating supplies. Nearly 5,300 dedicated employees at more than 50 locations worldwide contribute to Barnes Group Inc.'s success.