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Fastenal is a US based company headquartered in Winona, Minnesota that distributes industrial, safety and construction supplies and offers services including, third party logistics, inventory management, manufacturing and tool repair. The Fastenal story began in 1967 when Bob Kierlin pooled together $30,000 with four friends and opened the first Fastenal store, a 1,000 sq. ft. shop in his hometown of Winona, MN. (The original business plan was to dispense nuts and bolts via custom vending machines, but the technology proved impracticable at the time. Several decades would pass before Fastenal finally popularized industrial vending).
Fastenal has its stores spanning all 50 U.S. states, Canada and Mexico, including locations in Central and South America, Europe and Asia – each striving to be the best industrial supplier in the market it serves. 1.4 million products, 14 Distribution Centers, $4.0 billion in revenue, featured in Forbes list of top 50 most innovative companies.
From one store to nearly 2,500 and counting – We Are Where You Are (#WeAreWhereYouAre).
For more information, please visit Fastenal.com
A Bright Idea
A Store is Born
Growth Through Customer Services
Fastenal Manufacturing
Initial Public Offering
$100 Million in Annual sales
First Store Outside the US
Opening Bell Rings for FSB
Expanding Our Horizons
Getting Closer to the Source
10,000 Employees
Introduction of Industrial Vending
Top Performing Stock
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