1 EXHIBIT 21 BARNES GROUP INC. LIST OF SUBSIDIARIES Operating Subsidiaries of the Company: Jurisdiction of Name Incorporation ---- ------------- Associated Spring-Asia PTE. LTD. Singapore Associated Spring do Brasil Ltda. Brazil Associated Spring Mexico, S.A. Mexico 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 Ressorts SPEC, SARL France Windsor Airmotive Asia PTE. LTD. Singapore Associated Spring SPEC Limited is wholly-owned by Bowman Distribution Europe Limited. Ressorts SPEC, SARL 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. and Associated Spring do Brasil Ltda. are wholly-owned by Barnes Group (Bermuda) Limited. Associated Spring Mexico, S.A. is owned by Barnes Group (Bermuda) Limited (20%), Barnes Group Canada Inc. (40%), and Associated Spring-Asia PTE. LTD. (40%). 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 23 of the 1998 Annual Report to Stockholders.