Company profile
Fastenal Company, along with its various operating units, specializes in the wholesale distribution of essential industrial and construction materials. Its operations span North America, encompassing the United States, Canada, and Mexico, as well as numerous international markets. The core of its product offering, branded under the Fastenal name, includes a comprehensive array of fasteners such as threaded bolts, nuts, screws, studs, and accompanying washers. These components are critical for diverse applications, including the assembly of manufactured goods, various construction endeavors, and the ongoing maintenance and repair of machinery. Beyond fasteners, the company supplies a wide range of ancillary hardware and supplies, such as pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut components, rivets, and their associated accessories. Fastenal caters to a broad customer base, notably original equipment manufacturers (OEMs), maintenance, repair, and operations (MRO) within the manufacturing sector, and the non-residential construction industry, serving general, electrical, plumbing, sheet metal, and road contractors. Its clientele also extends to farmers, transport companies (truckers and railroads), mining operations, educational institutions, retail businesses, the oil exploration and refinement industry, and governmental bodies at federal, state, and local levels. The company efficiently distributes its products through an extensive network comprising 3,209 localized outlets and 15 major distribution hubs. Fastenal Company was established in 1967 and maintains its corporate headquarters in Winona, Minnesota.
- CEO
- Daniel L. Florness
- Employees
- 24,489
- IPO date
- 29 Jan 2018
- ISIN
- US3119001044
