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Textron Fastening Systems Opens New Headquarters and Reorganizes

31 March 2000

Textron Fastening Systems Opens New Headquarters and Reorganizes TEXTRON FASTENING SYSTEMS LOGO Textron Fastening Systems Logo. (PRNewsFoto)[AG] TROY, MI USA 03/31/2000    

    TROY, Mich., March 31 Textron Fastening Systems, the
number one global fastening and assembly solutions provider with over 150
sales, manufacturing, and engineering facilities in 19 countries, today
announced that it opened a new world headquarters in Troy, Michigan.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20000331/DEF005 )
    "We are committed to continuously improving the way we do business," said
Textron Fastening Systems chairman, president and chief executive officer Jack
Sights.  "Our new structure allows us to remain close to our customers while
assuring that we are leveraging our global strengths and capabilities to
deliver world-class technology, quality and service."
    With four global, market-focused groups -- Automotive Solutions,
Commercial Solutions, Advanced Solutions, and Supply Chain Solutions --
Textron Fastening Systems continues to build on its base of market-leading
brands such as Avdel, Camcar, Elco, Cherry, and Ring Screw.  InteSys, the core
of the Advanced Solutions Group, is known as an innovative, full service
provider of engineered assemblies for the telecommunications,
computer/business machine, medical and automotive markets.  Flexalloy leads
the Supply Chain Solutions Group in redefining the benchmark for Vendor
Managed Inventory (VMI).  All four of the groups are at the forefront of E-
business within their respective markets.
    With over 16,000 employees around the world, Textron Fastening Systems is
the leading global provider of engineered fasteners, state of the art
engineered assemblies and inventory management services.  With over $2.2
billion in annual revenues, Textron Fastening Systems supplies products and
services to customers in more than 70 countries.
    Textron Inc. is an $11.6 billion, global, multi-industry
company with market-leading businesses in Aircraft, Automotive, Industrial and
Finance.  Textron has a workforce of over 68,000 employees and major
manufacturing facilities in 30 countries.  Textron is among Fortune magazine's
"Global Most Admired Companies."  Additional information is available at
http://www.textron.com .