TYLER, Texas (KLTV) - American hardware distributor Field Fastener has announced a $2. 875 million expansion project for its Tyler facility.

The Tyler Economic Development Council (TEDC) announced the project Thursday, which will include renovating around 16,000-square-feet of existing facility space at the company's Tyler Center of Excellence, located at 10243 County Road 2121 in Smith County.

The renovations will result in the retention of 26 existing jobs and 10 new full-time positions, according to TEDC.