Bristol, Connecticut, February 5, 2001 - Barnes Group Inc. (NYSE: B) today announced that the company's treasurer, John J. Locher, 56, will be retiring at the end of February, 2001. Locher joined Barnes Group Inc. in January 1982, and after serving as vice president and corporate controller for 10 years, was appointed vice president and treasurer in 1992.
David J. Sinder, 52, has been named acting treasurer. Sinder, assistant treasurer, has been with Barnes Group since 1988.
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 1999 sales of $622 million: Associated Spring, a manufacturer of precision mechanical and nitrogen gas springs; Barnes Aerospace, a manufacturer and repairer of aircraft engine and airframe components and assemblies; and Barnes Distribution, a distributor of maintenance, repair and operating (MRO) supplies. Nearly 5,700 dedicated employees at more than 50 locations worldwide contribute to Barnes Group Inc.'s success.
Investors - Phillip J. Penn (860) 973-2126
Media - Stephen J. McKelvey (860) 973-2132