MACHESNEY PARK, IL -- Field Fastener, a leading fastener distributor, announced that it will acquire Fastening Solutions LLC, a subsidiary of Duncan Bolt. The acquisition, to be completed by the end of the November, will extend Fields global footprint and provide customers with expanded products and service offerings.
As a leader in today’s highly competitive fastener distribution industry, Field has built its reputation on meeting customer’s cost reduction, material availability, and quality requirements by utilizing superior systems, team members, and suppliers. The acquisition of Fastening Solutions will increase Field’s supply base with over 30 new suppliers, resulting in a broader product offering for its customers as well as the ability to purchase directly from selected suppliers.
“This acquisition continues to strengthen Field’s ability to provide proactive cost savings & robust VMI systems to our customers by expanding our reach and footprint,” said Field Executive Vice President, Jim Derry “Field has developed a seamless transition plan, combined with an outstanding Field team and recent facility expansion, that will allow Field to support the current Fastening Solutions customers from our headquarters near Rockford, Illinois.”
In North America, Field will gain a stronger presence in the southwestern United States, further establish its presence in Canada, and increase the localization of service in Mexico. As a result of the acquisition, Field will also increase its customer base in China and India. A 43,000 sq/ft building addition, focused on operation and efficiency excellence, was recently completed at Field’s facility in the Chicago, Illinois area, positioning them to continue meeting the growing needs of their expanding customer base. The quality products and great service that customers are accustomed to from Fastening Solutions will continue to be supplied and key personnel at Fastening Solutions will continue to be actively involved in the transition.