Field, a global distributor of fasteners and other small components, announced Wednesday that it merged with HRS Logistics, a 42-year-old Tyler company.
Ray Robinson, president of HRS Logistics, said it is a $25 million-a year business.
What Ray Robinson started in 1972 in Arlington as a small fastener distributor delivering screws, bolts and other fasteners to local companies has grown into a global distributor and importer of fasteners and specialty items. HRS Logistics’ technology consists of barcode scanners and wireless warehouse operations.
The company that has been based in Tyler since 1981 ships worldwide to not only manufacturers’ warehouses, but to mobile repair units and service centers. In addition to fasteners for everyday use, HRS Logistics specializes in parts that can be used in a variety of industries, such as heating and air conditioning equipment, the energy segment, military and civilian communication, equipment manufacturers and railcar manufacturing, according to www.hrslogisticsinc.com .
“HRS Logistics is pleased to have merged with such a strong and well respected company in our industry, Ray Robinson said. “With Field and our experienced and dedicated employees, we will better serve and supply our customers for now and the future.”
On Wednesday, Ray Robinson notified his 23 Tyler employees of the merger, while owners from Field were in Tyler and Mexico for the announcements.
HRS Logistics also has offices in Monterrey and Monclova, Mexico.
Field, based in Machesney Park, Illinois, has 78 employees based in the U.S.
The merger will expand the products, services and geographical footprint in which they service their customers, representatives said in a statement.
Ray Robinson, 71, has been owner and president of the HRS Logistics for 42 years and has worked in the industry for 50 years. He will retire or work as needed while his son, Brian Robinson, 50, will run the Tyler branch with Buddy Ogletree.
Brian Robinson has worked in the industry for 33 years, has been with HRS Logistics since 2005 and has managed the company for three years, he said.
Brian Robinson said all of HRS Logistics’ employees will stay in place, including three workers in Arkansas and 20 in Mexico. Some of their customers include Carrier Corp. and Trinity Industries, which both have facilities in Mexico, he said.
Field has averaged a 20 percent growth rate since 1990 and plans to sustain high growth and reach $100 million in revenue in the next few years, according to the statement.
Ray Robinson said Fields is a $50 million-a-year business that two years ago set a goal to reach $100 million in seven years. This merger brings them one step closer to realizing that goal, he added.
HRS Logistics has achieved a 155 percent growth rate during the past four years, he said.
“We are all about building and strengthening teams to provide value to current and prospective customers,” Field’s Chairman Bill Derry said in a statement. “The combined strength of HRS and Field will allow us to excel and provide significant benefits to both. We are fired up about the future.”
Field and HRS have an experienced team dedicated to seamlessly integrating the two businesses and minimize the change felt by customers, suppliers and team members, representatives said in a statement.
“There are significant synergies between the companies with will improve both organizations when combined,” Field President Jim Derry said. “Both companies share a culture of servicing customers in a family business environment with passionate team members. The combined company will provide greater opportunities for our team, increased capabilities for our customers, and a larger spend with our strategic suppliers. We are excited about bringing the strengths of Field and HRS together.”
Field is a full-service, technically oriented, global provider of inventory management and complete supply chain solutions and fasteners, such as screws and bolts and other Class “C” items.
The company was acquired by Derry Enterprises Inc. in 1990. For the third consecutive year, Field was recognized by Inc. Magazine as one of the fastest growing private companies in America. Field serves more than 900 customers worldwide.