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|Barnes Group Acquires Euro Stock Springs|
Bristol, Connecticut, January 11, 2001---Barnes Group Inc. (NYSE: B) today announced that it has acquired Euro Stock Springs & Components Limited of Redditch, United Kingdom. Euro Stock distributes die springs and other standard springs through catalogs to customers located primarily in Europe. Terms of the transaction 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, Barnes Group consists of three businesses with 1999 sales of $622 million. Barnes Group employs approximately 5,700 people at more than 50 locations worldwide.
Investor Contact: Phillip J. Penn (860) 973-2126 Media Contact: Stephen J. McKelvey (860) 973-2132