Field Fastener, a global fastener distributor, announced today that is 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 3rd consecutive year.
The Inc. 500|5000 list is an exclusive ranking of the nation’s fastest growing private companies. With 88% growth in revenue over a three year span, Field Fastener was ranked #151 for the manufacturing/distribution industry, and #3498 overall on this year’s list.
Field has averaged 20% growth since partners and brothers Bill & Jim Derry acquired the company in 1990. If Field is able to sustain this sales growth, they will reach sales figures of $100 million in the next 5 to 6 years. Bill Derry, President of Field, is confident; remarking, “We will continue to grow to $100 million in sales and beyond. Our method of providing cost reductions through industry-changing approaches to providing technical support will set a new global standard”.
Field provides value added activities and cost reduction solutions through various services, including vendor inventory management programs and technical support services. They supply products and services to more than 15 countries, and are targeting to broaden their sales coverage and value-added services even further. Last year they added a sales representative in Mexico, which has successfully bridged relationships within that country and throughout Latin America.
As they continue to grow, internal training and team member development is of increased priority. Team members who interact with customers most often receive extensive cross-functional and technical training to create a more direct line to cost-reduction and lean processes. Field’s goal is to be more than just a parts supplier. They’re a partner with the tools and team members capable of providing value and integrating engineering and VMI services to OEMs. Jim Derry, Executive Vice President, at Field adds, “Every member of the organization is committed to taking care of our customers and making sure they love doing business with Field. We have a very clear value proposition that our team and our customers understand, and there are no limits to the long term potential of Field”.
About Field Fastener
Field is a full-service, data-driven, on-demand engineering partner with a unique, technical approach to inventory management and supply chain solutions for fasteners and other Class “C” items. Field is the best in the industry at lowering your total cost of fastening. Guaranteed.. The Illinois based company was acquired by Bill and Jim Derry in 1990 and has averaged 20% 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 https://www.fieldfastener.com.
About Inc. Magazine
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