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Textron Fastening Systems Acquires World-Class Injection Molder

12 June 2000

Addition of Advantage Molding and Decorating Strengthens Textron Fastening Systems Telecommunications Technological Capabilities

     
    TROY, Mich. - Textron Fastening Systems today announced the acquisition of 
Advantage Molding and Decorating, a privately owned U.S. company.  Advantage, a 
leading supplier of injection molded parts, tooling, and pad-printed designs, 
manufactures highly decorative lenses for use in the wireless telecommunications 
industry.  Based in Mount Prospect, Illinois, with a second facility in Naples, 
Florida, Advantage adds capabilities to Textron Fastening Systems' Advanced 
Solutions Group located in Gilbert, Arizona.  With 2000 sales forecast at $20.4 
million, Advantage's customer base includes Motorola, Advanced Dial, Borg Indak, 
and Flextronics. Terms of the transaction were not disclosed.

    "This acquisition builds on our recent acquisition of InteSys Technologies
and increases our participation in the high growth wireless industry.
Bringing Advantage on board complements our strategy of acquiring businesses
that leverage our current strengths, enhance our multi-industry balance, and
expand Textron Fastening Systems' global product offering," said Textron
Fastening Systems Chairman, President, and Chief Executive Officer Jack
Sights.

    Utilizing state-of-the-art injection molding technologies, Advantage is a
leader in the production of lenses and housings for the wireless phone
industry.  Advantage maintains a constant focus on improvement by using
technologically advanced procedures.  The end results are unique and seamless
products that enhance the appearance and function of the wireless phone.
Advantage achieves world-class status by performing several value-added steps
while maintaining process yields in excess of industry averages.

    Textron Fastening Systems, a $2.2 billion organization, is the leading
global provider of engineered fasteners, state of the art engineered
assemblies, and inventory management services.  With over 16,000 employees
around the world, 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."