Fastenal Company engages in the wholesale distribution of industrial and construction supplies to end-users (typically business-to-business), and also have some 'walk-in' retail business. The company has 2,622 store locations primarily in North America. The company’s industrial and construction supplies are grouped into 12 product lines. The company operates 14 distribution centers in North America from which the company distributes products to its store and Onsite locations. 11 of these are in the United States, 2 are in Canada, and 1 is in Mexico. Products The company’s original product offerings are fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. This product line, which the company refers to as the fastener product line, consists of two categories, such as threaded fasteners, such as bolts, nuts, screws, studs, and related washers; and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. Threaded fasteners are used in most manufactured products and building projects, and in the maintenance and repair of machines and structures. Manufacturing and Support Services Operations The manufactured products consist primarily of non-standard sizes of threaded fasteners made to customers’ specifications or standard sizes manufactured under the company’s Holo-Krome and Cardinal Fasteners product lines. The services provided by the support services group include, but are not limited to, items, such as tool repair, band saw blade welding, and light manufacturing. Customers and Marketing Most of the company’s customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers and maintenance, repair, and operations. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors. Other users of the company’s products include farmers, truckers, railroads, oil exploration, production, and refinement companies; mining companies; federal, state, and local governmental entities; schools; and certain retail trades. During the fourth quarter of 2015, the company’s total number of active customer accounts was approximately 394,000, while its total 'core accounts' was approximately 100,000. Trademarks and Service Marks The company conducts business under various trademarks and service marks, and utilizes various designs and tag lines in connection with each of these marks, including First In Fasteners. The company considers the ‘Fastenal’ name and its other trademarks and service marks to be valuable to the company’s business. Seasonality Seasonality has some impact on the company’s sales. During the winter months, the company’s sales to customers in the non-residential construction market typically slow due to inclement weather. History Fastenal Company was founded in 1967. The company was incorporated under the laws of Minnesota in 1968.
fastenal co (FAS:Berlin Stock Exchange)
2001 Theurer Boulevard
Winona, MN 55987
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