Fields Manufacturing Acquires Target Industries
Vol. 849 
September 8, 2011

In its second acquisition in the last 13 months, Minnesota-based Fields Manufacturing (asi/54100) has purchased the assets of  Target Industries (asi/90640). Financial terms of the deal were not disclosed.

According to Matt Bertram, president of Fields, Target will continue to operate out of its location in Owosso, MI, and will maintain a separate catalog and customer service group. Target’s owner, Jim Griesen, has accepted a position on Fields’ board of advisors for a period of six years and also has been retained as a consultant.

Fields’ acquisition of Target Industries is the firm’s second since last summer. In August of 2010, Fields acquired the name Animal Fair (formerly asi/36235) and selected inventory from Princess Soft Toys. Target Industries, which operates in the ad specialty market as TargetLine, sells products in 17 different categories, ranging from writing instruments and lanyards to drinkware and stress relievers.