Textron Fastening Systems to undergo name change

Textron Fastening Systems (TFS) will change its name later this fall to Acument Global Technologies, reflecting its new beginning and strategic direction as a stand-alone company. Platinum Equity acquired the former Fastening Systems business unit of Textron Inc. on August 11.

The company officially will adopt its new Acument brand name in the coming weeks, after completing its branding preparations and obtaining legal clearances, where necessary, in the 16 countries in which it operates around the world.

Headquartered in Troy, Mich., the company is a provider of value-based fastening solutions, engineered fastening systems, state-of-the-art assembly technology, and inventory management and application engineering services.