Fastenal Company is a prominent player in the industrials sector, specializing in industrial distribution. The company offers a broad range of products and services, from fasteners and tools to safety and janitorial supplies, across a wide spectrum of industries.
Founded in 1967 by Bob Kierlin and four friends in Winona, Minnesota, Fastenal has grown from a small-town fastener shop into a major global distributor. The company is known for its strong customer service focus and an extensive network of localized branches.
Main Product(s):
Fastenal's core products include various types of fasteners and related industrial supplies. Additionally, the company provides a range of services like inventory management, manufacturing, and supply chain solutions.
Short History of Fastenal Company:
1967 – Fastenal was founded in Winona, Minnesota.
1987 – The company went public, listed on NASDAQ.
2000s – Expansion into new markets, including Canada and Mexico.
2011 – Fastenal opened its 2,500th store.
2016 – Introduction of Fastenal's industrial vending machine solutions.
2020 – Played a crucial role in supply chain management during the COVID-19 pandemic.