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Fastenal

Leading distributor of fasteners and industrial products.

Headquarters:
2001 Theurer Blvd.
Winona, MN 55987
Employees: 17,277
CEO: William Oberton
Stock Symbol: FAST

Website: http://www.fastenal.com

Career Site

Fastenal is the largest fastener distributor in the nation. The company has an in-house Manufacturing Division, a product Quality Assurance and Engineering Department, a strategic system of 14 Distribution Centers in the U.S., a fleet of over 300 company-owned semi-trucks and trailers, 5,000+ local delivery vehicles and 2,687 Store loations.

Fasteners hold items together and include nails, bolts, rivets, nuts, pins, rods, screws, struts and washers.

The company has products in the following categories:

- Abrasives
- Chemicals & Paints
- Cutting Tools & Metal Working
- Electrical
- Fasteners
- Hydraulics, Pneumatics & Plumbing
- Janitorial
- Material Handling, Storage, & Packaging
- Metals, Alloys and Materials
- Mil-Spec
- Safety
- Supplier Diversity
- Tools & Equipment
- Welding

Fastenal owns and operates stores in all 50 states, Canada, Mexico, the Dominican Republic, Puerto Rico, Singapore, Europe, and China.

In 2013, Fastenal reported record sales of $3.32 billion, a 6.1% increase, and net income of $448.6 million. There were 17,277 total employees at the end of 2013, a 1.3% increase. Fastenal opened 35 new stores in 2013.

History

The Fastenal story began in 1967 with the opening of the first store in Winona, MN, by Bob Kierlin. The concept for Fastenal Company originated from Bob's idea to produce a vending machine that would provide nuts and bolts to customers. He pooled together $30,000 with four friends and opened the first Fastenal store with 1,000 square feet of space. After surviving the typical struggles of a startup business during the first few years, Fastenal found its niche and took off. Since going public in 1987 with 50 stores and $30 million in sales, Fastenal has grown to over 2,000+ stores and $1.8 billion in annual sales.

Updated April 12, 2014