About the Company
Fastenal Company is a Winona, Minnesota based company that distributes goods used by other businesses. As of 2020, it has over 3000 market locations and an employee base of more than 21,900 across these locations. It has branches all around Canada, Puerto Rico, the United States, Europe and Mexico and offers its products and services in 26 countries.
It has partnerships with companies from four business sectors that are construction, aerospace and defence, government and manufacturing. The company provides services like solutions, expertise, industrial services and manufacturing services. Some of its services are weld-to-length bandsaw blades, cardinal fastener high-integrity bolting, metalworking support, job site inventory solutions, construction solutions etc. Fastenal offers products under 31 different categories such as motors, paint & painting supplies, pneumatics, welding, lubricants, coolants & fluids, fasteners, janitorial & cleaning, abrasives, outdoor products & equipment, etc.
Fastenal Company was founded by Bob Kierlin in 1967 and got incorporated by 1968. During that time, it was the smallest distributer among the estimated 10,000 companies operating in the United States. However, it became the largest among the fastener distributors in the US by the middle of the 1990s. Over the years it spread its distribution centres across Asia, North America and other parts of the world. Parts of a socket head screw making company named Holo-Krome was acquired by it in 2009.
It entered the S&P 500 in 2008 and is also a component of the NASDAQ 100 companies. Its ticker symbol is FAST, and it trades in the NASDAQ stock exchange. In 2020, Fortune recognised it as one of the most admired companies in the world. Forbes also recognised Fastenal in its lists of America’s Best Employer By State and Global 2000 in the year 2020. Till 2018, it was in the Forbes lists of America’s Largest Public Companies and World’s Best Employers. This page entails all the important details of Fastenal Company including the updated FAST stock prices and other parameters crucial to check before investing.;