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
MACHESNEY PARK, IL (PRWEB) August 31, 2012
Field Fastener, a global fastener distributor, announced today that it has once again been named one of the fastest growing private companies in America, earning its spot on the Inc. 500|5000 list for the 2nd consecutive year.
The Inc. 500|5000 list is an exclusive ranking of the nation’s fastest growing private companies. With 31% growth in revenue over a three year period, 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.”
As a leader in today’s highly competitive fastener distribution industry, Field has built its reputation on meeting customers’ cost reduction, material availability, and quality requirements by utilizing superior systems, team members, and suppliers. Field provides value added activities and cost reduction solutions through various services, including 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.
About Field Fastener
Field is a full service, technically competent, 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 Bill and Jim Derry in 1990 and has averaged 19% annual growth each year since. Field currently serves over 900 customers worldwide. To learn more about Field Fastener please call 815-637-9002 or visit http://www.fieldfastener.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders. Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit Inc online at http://www.inc.com