Barnes Group Inc. to Acquire Heinz Hanggi AG, Stanztechnik

Barnes Group Inc. (NYSE: B) today announced that it hassigned a definitive agreement to acquire Heinz Hanggi AG, Stanztechnikof Bettlach, Switzerland, a developer and manufacturer ofhigh-precision punched and fine-blanked components, for a combinationof cash and Barnes Group Inc. common stock. The acquisition isexpected to close in the second quarter of this year and will addapproximately $30 million in annual sales to Barnes Group's AssociatedSpring unit. The acquisition is expected to have minimal impact onearnings per share in 2006 and to be accretive to earnings per sharebeginning in 2007.

"Heinz Hanggi AG is a terrific strategic fit with our AssociatedSpring operation and is consistent with our focus on acquiringspecialty, higher margin businesses which offer superior manufacturingcapabilities to customers," said Edmund M. Carpenter, President andChief Executive Officer, Barnes Group Inc. "Heinz Hanggi AG'sdemonstrated commitment to innovation, outstanding manufacturingtechnology and skilled employees will be a valuable asset toAssociated Spring and Barnes Group. Mr. Eugen Hanggi has built awonderful business and we are pleased that the experienced employeesof Heinz Hanggi AG will be joining Barnes Group."

"Heinz Hanggi AG's competitive advantage in the market for highlyprecise, intricate, and complex punched components and its philosophyof providing world-class product quality and service complementAssociated Spring's growing product scope and geographic presence, andwill leverage Associated Spring's global sales and distributionchannels," said Gregory F. Milzcik, Executive Vice President and ChiefOperating Officer, Barnes Group Inc. and President, Associated Spring.

Heinz Hanggi AG offers innovative and custom-design solutions inthe area of micro-punching, progressive die tooling and fine-blankingfrom prototypes to complete assemblies. Superior production technologyprovides value to the company's customers by eliminating costlysecondary operations. Its range of manufacturing solutions allows thecompany to serve diversified industries, including high-precisioncomponents for transportation suppliers, the power tools sector, thewatch industry, consumer electronics, telecommunications, medicaldevices, and textile machinery sectors. A majority of the company'ssales are in Europe, and it is a significant global producer oforifice plates, used in fuel injectors.

Barnes Group Inc. (www.barnesgroupinc.com) is a diversifiedinternational manufacturer of precision metal components andassemblies and a distributor of industrial supplies, serving a widerange of markets and customers. Founded in 1857 and headquartered inBristol, Connecticut, Barnes Group consists of three businesses with2005 sales of $1.1 billion: Barnes Distribution, an international,full-service distributor of maintenance, repair, operating, andproduction supplies; Associated Spring, one of the world's largestmanufacturers of precision mechanical and nitrogen gas products and aglobal supplier of retaining rings, reed valves, shock discs, andinjection-molded plastic components and assemblies; and BarnesAerospace, a manufacturer and repairer of highly engineered assembliesand components of aircraft engines, airframes, and land-basedindustrial gas turbines. Over 6,000 dedicated employees at more than60 locations worldwide contribute to Barnes Group Inc.'s success. TheCompany has paid cash dividends to stockholders on a continuous basissince 1934.

This release may contain forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. Theseforward-looking statements are subject to risks and uncertainties thatmay cause actual results to differ materially from those expressed inthe forward-looking statements. The risks and uncertainties, which aredescribed in our periodic filings with the Securities and ExchangeCommission, include, among others, uncertainties arising from thebehavior of financial markets; future financial performance of theindustries or customers that we serve; changes in market demand forour products and services; integration of acquired businesses; changesin raw material prices and availability; uninsured claims; andnumerous other matters of global, regional or national scale,including those of a political, economic, business, competitive,regulatory and public health nature. We assume no obligation to updateour forward-looking statements.