25 Facts About Fastenal

What is Fastenal?

Fastenal is a company that might not be a household name, but it plays a crucial role in many industries. Known for its vast array of industrial and construction supplies, Fastenal has an interesting history and some surprising facts.

1. Fastenal was founded in 1967 by Bob Kierlin in Winona, Minnesota. It started as a small business selling fasteners.

2. The company’s name, Fastenal, is a combination of the words "fastener" and "national," reflecting its goal to become a nationwide supplier.

3. Fastenal began as a single store but has grown to over 2,600 locations worldwide.

4. The company went public in 1987, and its stock is traded on the NASDAQ under the ticker symbol FAST.

5. Fastenal is known for its blue bins, which are used to organize and store products in their stores and at customer locations.

Fastenal's Products and Services

Fastenal offers a wide range of products and services that cater to various industries. Let's dive into some of the key offerings.

6. Fastenal sells over 1.5 million different types of products, including fasteners, tools, safety supplies, and janitorial products.

7. The company provides vending machines that dispense tools and supplies, helping businesses manage inventory and reduce waste.

8. Fastenal offers custom manufacturing services, producing specialized parts and components for customers.

9. The company has a robust e-commerce platform, allowing customers to order products online and have them delivered quickly.

10. Fastenal also provides on-site services, including inventory management and product sourcing, to help businesses streamline their operations.

Fastenal's Global Reach

Fastenal's influence extends far beyond the United States. The company has a significant international presence.

11. Fastenal operates in 24 countries, including Canada, Mexico, Brazil, and several European and Asian nations.

12. The company has over 14,000 employees worldwide, working in various roles from sales to manufacturing.

13. Fastenal's international expansion began in 1994 with the opening of its first Canadian store in Toronto.

14. The company has distribution centers strategically located around the world to ensure quick delivery of products to customers.

15. Fastenal's global sales account for approximately 15% of its total revenue.

Fastenal's Commitment to Sustainability

Fastenal is dedicated to sustainability and reducing its environmental impact. Here are some ways the company is making a difference.

16. Fastenal has implemented energy-efficient lighting and HVAC systems in its facilities to reduce energy consumption.

17. The company recycles cardboard, plastic, and metal waste generated in its operations.

18. Fastenal has a program to refurbish and reuse wooden pallets, reducing the need for new materials.

19. The company encourages customers to return used tools and equipment for recycling or refurbishment.

20. Fastenal is committed to sourcing products from suppliers that adhere to ethical and sustainable practices.

Fastenal's Community Involvement

Fastenal believes in giving back to the communities where it operates. The company supports various initiatives and programs.

21. Fastenal sponsors local sports teams and events, promoting physical activity and community engagement.

22. The company partners with educational institutions to provide scholarships and support technical training programs.

23. Fastenal employees volunteer their time and skills to support local charities and non-profit organizations.

24. The company has a disaster relief program, providing supplies and support to communities affected by natural disasters.

25. Fastenal supports veterans and military families through various programs and initiatives, recognizing their service and sacrifice.

Fastenal: A Quick Recap

Fastenal's journey from a small-town shop to a global powerhouse is nothing short of impressive. They’ve grown by sticking to their core values of quality, innovation, and customer service. With over 2,600 branches worldwide, Fastenal has become a go-to for industrial supplies. Their commitment to sustainability and community involvement sets them apart in the industry.

Whether you need fasteners, tools, or safety equipment, Fastenal's got you covered. Their unique vending machine program and robust e-commerce platform make getting supplies easier than ever. Plus, their focus on employee development ensures knowledgeable service every time.

Fastenal's story is a testament to what dedication and innovation can achieve. Next time you need industrial supplies, remember Fastenal’s rich history and commitment to excellence. They’re not just a company; they’re a trusted partner in your success.