Barnes Group Inc. Appoints Patrick J. Dempsey, Chief Operating Officer; Aligns Global Business Units into Three Reporting Segments

Barnes Group Inc.

today announced the appointment of Patrick J. Dempsey as Senior Vice President and Chief Operating Officer. The Company also announced the realignment of its business units to better serve its customers and to accelerate growth. This organizational realignment results in three reportable segments: Aerospace, Industrial and Distribution. Barnes Group's new structure is designed to provide increased customer service, drive product differentiation, and accelerate the Company's growth initiatives. Barnes Group's three business segments are: Aerospace – a producer of precision-machined and fabricated components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders throughout the world, and for the military; a provider of jet engine component overhaul and repair services for many of the world's major turbine engine manufacturers, commercial airlines and the military; and a manufacturer and provider of aerospace aftermarket spare parts and the repair of aerospace engine components. Industrial – a global supplier of high quality manufactured precision components for critical applications serving diverse industrial end markets, such as transportation, energy, electronics, medical and consumer products. Distribution –an industry leader in logistics support through vendor managed inventory and technical sales for maintenance, repair, operating and production supplies, as well as the design, manufacture and distribution of engineered supplies for the global industrial base.