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|Barnes Distribution Announces Agreement with SupplyPro|
|CHICAGO, Mar 18, 2002 (BUSINESS WIRE) -- Barnes Distribution, a business unit
of Barnes Group Inc. (NYSE:B), a leader in the distribution of maintenance,
repair and operating (MRO) supplies, today announced a distribution agreement
with SupplyPro, the leader in automating the supply chain at the point-of-use.
Under this agreement, Barnes Distribution will use SupplyPro's comprehensive
line of high-security point-of-use inventory tracking devices to enhance its
offerings of vendor-managed inventory services.
SupplyPro offers a full line of web-enabled inventory management systems that dispense and track inventory at the point-of-use while automating the reordering process. The system also includes SupplyPort, which allows users to view real-time inventory data via a standard Web browser.
"Our agreement with SupplyPro represents a natural extension of Barnes Distribution's commitment to providing innovative inventory management solutions that reduce our customers' overall cost," said Keith Drewett, President, Barnes Distribution. "This relationship provides our customers with an added dimension of automated control and 24/7 access to critical MRO and safety supplies."
"We are excited to team up with Barnes Distribution, which has a great reputation among customers seeking out superior quality and service," said Bill Williams, CEO of SupplyPro. "SupplyPro's inventory management solution benefits customers who demand greater control over inventory, better management of information and improved cost savings."
About Barnes DistributionBarnes Distribution, a business unit of Barnes Group Inc. (NYSE:B) is an industry leader in the distribution of maintenance, repair and operating (MRO) supplies, die and nitrogen gas springs and security products. Barnes Distribution services thousands of customers on four continents under the brand names of Bowman Distribution, Curtis Industries, Mechanics Choice, Raymond, Motalink and Autoliaisons.
About SupplyProSupplyPro is the leader in automating the supply chain at the point of use in the $100 billion commercial market. Its web-based information systems optimize inventory management by automating the procurement process, dispensing supplies and tracking inventory. In addition to SupplyPro's strong customer base of Fortune 500 firms and large government organizations, the company has attracted major investment partners such as J.P. Morgan Partners Corp., a subsidiary of the global financial firm J.P. Morgan Chase and Co. (NYSE: JPM). For more information about Supply Pro, call 858-522-7610 or visit the company's website at www.supplypro.com.
About Barnes Group Inc.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. More than 5,300 dedicated employees at over 50 locations worldwide contribute to Barnes Group Inc.'s success.
CONTACT: Barnes Distribution Stephen J. McKelvey, 860/973-2132 Corporate Communications or Phillip J. Penn, 860/973-2126 Investor Relations or SupplyPro, Inc. Lorna Willis, 858/587-6441 email@example.com or Incendio International Natalee Gibson, 703/313-4750 firstname.lastname@example.org URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
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