EXHIBIT 22 BARNES GROUP INC. LIST OF SUBSIDIARIES -------------------- Operating Subsidiaries of the Company: -------------------------------------- Jurisdiction of Name Incorporation ---- --------------- Associated Spring-Asia PTE. LTD. Singapore Associated Spring SPEC Limited United Kingdom Barnes Group (Bermuda) Limited Bermuda Barnes Group Canada Inc. Canada Barnes Group Holding B.V. Netherlands Bowman Distribution Europe Limited United Kingdom Bowman Distribution France S.A. France Resortes Mecanicos, S.A. Mexico Ressorts SPEC, EURL France Stumpp & Schuele do Brasil Industria e Brazil Comercio Limitada Windsor Airmotive Asia PTE. LTD. Singapore Associated Spring SPEC Limited is wholly-owned by Bowman Distribution Europe Limited. Ressorts SPEC, EURL is wholly-owned by Bowman Distribution France S.A. Windsor Airmotive Asia PTE. LTD. is wholly-owned by Barnes Group Canada Inc. Associated Spring-Asia PTE. LTD., Resortes Mecanicos, S.A., and Stumpp & Schuele do Brasil Industria e Comercio Limitada are wholly-owned by Barnes Group (Bermuda) Limited. Barnes Group Canada Inc., Bowman Distribution Europe Limited, and Bowman Distribution France S.A. are wholly-owned by Barnes Group Holding B.V. Barnes Group (Bermuda) Limited and Barnes Group Holding B.V. are wholly- owned by Barnes Group Inc. The Company's consolidated financial statements include all of the above-named subsidiaries. For a statement of the principles of consolidation applicable to these subsidiaries, see note 1 of the Notes to Consolidated Financial Statements on page 18 of the 1994 Annual Report to Stockholders.