Machesney Park, Illinois-based Field Fastener announced Jan. 27 that it has merged with Mid-State Bolt & Nut Company, a fellow fastener distributor based in Columbus, Ohio. Financial details of the transaction were not disclosed. Field Fastener ranked No. 16 on MDM’s 2022 Top Fastener Distributors list.
This strategic partnership between Field and Mid-State will enhance their combined positions in North America by expanding the products, services and geographical footprint in which they service customers, according to a news release.
“What most impressed me was the quality of the people at Mid-State and their commitment to do whatever it takes to support the customer and one another,” Field president Adam Derry said in the release. “You can’t teach this and it very much aligns with the culture of Field. We couldn’t be more excited to welcome the Mid-State team and customer base into the Field family.”
“We’ve known Field and the Derry family for many years, and based on their culture, growth and future vision, we know that our team, customers and suppliers are in good hands by merging with Field,” Mid-State president Dave Broehm said in the release.
Broehm will step down as president following the merger, but will remain with the company in a consultant role to help with the transition, according to the release. Broehm’s two sons in the family business, Michael and Andrew, will also stay with the company.
Mid-State Bolt & Nut will retain its branding and be marketed as a “division of Field” moving forward, according to the release.
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