| 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 Distribution
Barnes 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 SupplyPro
SupplyPro 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
lwillis@supplypro.com
or
Incendio International
Natalee Gibson, 703/313-4750
natalee@incendio.net
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