Textron Fastening Systems announced today the consolidation of their Commercial and Supply Chain Groups. They have also named a new group president to direct the unit.
William Barker, 50, will head up Textron Fastening Systems – Commercial Solutions, one of the company’s three market-focused business groups. With major operations in five continents, the group’s revenues exceed $900 million.
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“This combination of capabilities will help bring future value to our customers by extending our capabilities in vendor managed inventory. Merging the competencies of these two groups under Bill’s leadership will ensure the best use of our resources as a full service provider to the commercial industry,” said Textron Fastening Systems chairman, president, and chief executive officer Jack Sights.
Barker comes to Textron from OEA, a world leader in propellant-actuated devices for automotive and aerospace where he most recently served as the president of the Automotive Safety Products Division. Prior to OEA, he worked for Bosal International, a privately held European Manufacturer of automotive exhaust systems as president of North American Operations.
The Commercial Solutions group, supplying customers in more than 25 countries, is a one-stop source for a diverse line of fastener products and services including threaded and non-threaded fasteners, cold-formed components, installation tools, and assembly systems. With the addition of Vendor Managed Inventory (VMI) capabilities, Textron Fastening Systems – Commercial Solutions can provide full-service inventory management of fastener requirements to its customers. The combination of manufacturing capability and inventory and distribution expertise coming from one organization is a major step in Textron Fastening Systems’ quest to assure continued leadership in providing ever higher value of its customers. Combining the two groups into one consolidated unit also helps leverage customer relationships through logistics management and on-time deliveries.
Textron Fastening Systems, a $2.2 billion organization, is the leading 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.
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By GlobalDataTextron Inc. (NYSE: TXT – news) 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 www.textron.com.
