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Fastenal Co |
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Fastenal Co Company Profile
Contact InformationBackground Information:| Year Founded: | 1967 |
| Number of Employees: | 12000 |
Medical Information:
Yes401(k) Information:
YesVacation Information:
YesGeneral Information:
About Us
Fastenal Company has become one of the fastest growing full-line industrial distributors, and is the largest fastener distributor, in the nation. Our service-oriented business currently includes:
-an in-house Manufacturing Division
-a product Quality Assurance and Engineering department
-a strategic network of Distribution Centers in the US and Canada
-a fleet of over 180 company-operated semi-trucks and trailers
-over 2,160+ store sites with locations in all 50 states, Canada, Puerto Rico, Dominican Republic, Singapore, Mexico and the Netherlands.
-Each store has local inventory, outside sales people, and on-site delivery vehicles to help save you time and money
History
The Fastenal story began in 1967 with the opening of the first store in Winona, Minnesota, by company founder, 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. 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 2,160+ stores and $2 billion in annual sales.
Operations
Fastenal has strategically set up distribution centers and store locations close to our customers. Each distribution center services stores in an approximate 500-mile radius. Stores located within that radius are generally serviced by a single distribution center, but our inventory in excess of $504 million is available for transfer from any distribution center nationwide. By utilizing company-owned and operated semi-trucks and trailers, we are able to move product faster than any other distributor in the country, which allows our store inventory content to be tailored to the needs of local customers. |
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