Field Fastener Will Acquire Fastening Solutions LLC, a Subsidiary of Duncan Bolt.

Field Fastener, a leading fastener distributor, announced today 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. About Field Fastener Field is a full service, technically oriented, global provider of inventory management and complete supply chain solutions for fasteners and other Class "C" items. They are the best in the industry at providing ongoing cost reduction through both technical support services and inventory management systems. The Illinois based company was acquired by Derry Enterprises, Inc. In 1990. Over the past 21 years, Field has averaged 19% annual growth each year and was recently recognized by Inc. Magazine as one of the fastest growing private companies in America. Field currently serves over 900 customers worldwide. About Fastening Solutions LLC Fastening Solutions LLC was created as a subsidiary of Duncan Bolt in 2008, to provide world class service to its VMI customers. Fastening Solutions covers a broad range of customer needs and offers a variety of VMI type programs, with a wide range of products far beyond the normal fastener distribution range. Fastening Solutions is headquartered in Phoenix, Arizona. Source: Chinafastener. Com