Textron Fastening Systems

John Wolz

� was formed in 1995 by merging five Textron companies to form the global fastener group.
� 2001 Revenue: $1.68 billion. Profit: $46 million, or 8.5% margin
� 2001 sales by industry: Automotive, 69%; industrial & electronics, 20%; non-automotive transportation, 7%; aerospace, 5%.
� 2001 sales by product line: Threaded fasteners, 57%; blind fasteners, 12%; engineered products, 28%; automation systems, 3%.
� 2001 sales by geographic region: U.S., 50%; Europe, 36%; Canada, 5%; Asia Pacific, 5%; South America, 4%.
� During the period from 1994 through 2000 TFS sales grew at a 23% compounded annual rate starting at $600 million in 1994 to $2.1 billion for 2000.
� TFS provided 13% of Providence, RI-based Textron Inc.�s 2001 revenues.
� Major brands: Avdel, Cherry, Camcar, Elco, Boesner, S�kosim and Oelschl�ger.
� Global automotive sales topped $1.1 billion in 2001. Automotive and truck customers include: DaimlerChrysler, Ford, Freightliner, General Motors, Mercedes, Renault, Volkswagen, Delphi, Visteon, Volvo and most Tier One and Tier Two suppliers.
� 90 operating units on five continents and in 17 countries.
� 44% of the revenues come from outside the U.S.
� 43% of the 12,000 employees are non-U.S. based.
� Manufacturing facilities in 12 countries: Brazil, Canada, France, Germany, Ireland, Italy, Malaysia, Mexico, South Korea, Taiwan, United Kingdom and U.S.
� Key executive: Jake Hirsch, chairman and CEO.
� TFS headquarters: 840 W. Long Lake #450, Troy, MI 48098. Tel: 248 813-6343 Web: textron.com, textronfasteningsystems.com, camcar.textron.com, avdel.textron.com, taf.textron.com, fastenersforelectronics.com, fastenersforconstruction.com, fastenersforplastics.com and automationforfasteners.com
� Parent company: Textron Inc., a $12 billion multi-industry company based in Providence, RI. NYSE: TXT 51,000 employees in 40 countries. Businesses: Aircraft, industrial products & components, fastening systems and finance. Major brands: Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-Go and Greenlee. Web: textron.com \ �2002 FastenerNews.com