8/24/2012 12:45:00 AM
NEWS BRIEFS
Field Fastener Makes INC 500/5000 For 2nd Year
For second consecutive year, Field Fastener was named one of the fastest growing private companies in America by earning its spot on the Inc.500/5000 list.
The Inc. 500/5000 list ranks the nation’s fastest growing private companies. With 31% growth in revenue over a three year span, Field Fastener was ranked #4149 overall on this year’s list and #165 for the manufacturing industry.
“We are honored to once again be recognized by Inc. magazine, and counted among other top growth companies in the US,” said Field president, Bill Derry. “We have a value proposition that truly lowers our customers’ costs and improves their competitive position. Our team is dedicated and well trained, a combination that has resulted in superior growth, not just in the past 3 years, but for the past 20 and will be the case for the foreseeable future.”
Field provides value added activities and cost reduction solutions through vendor inventory management programs and technical support services.
“Even in a stagnant economic environment, Field continues to see impressive growth by providing industry leading engineering and technical support, resulting in viable cost reduction solutions for fasteners and other class c commodities”, said Field Executive Vice President, Jim Derry.
“Now more than ever, we depend on the Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward,” states Inc. magazine Editor Eric Schurenberg. “Growth companies, not large corporations, are where the action is.”
Since appearing on the 2011 Inc. 500/5000 list, Field opened a new $3 million facility expansion and completed its acquisition of Fastening Solutions LLC, a division of Duncan Bolt.
Field is a full service provider of inventory management and supply chain solutions for fasteners and other Class “C” items. The Illinois based company was acquired by Bill and Jim Derry in 1990 and has averaged 19% annual growth each year since. Field currently serves over 900 customers worldwide. Web: fieldfastener.com ©2012 GlobalFastenerNews.com
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