Fastenal Company, together with its subsidiaries, offers industrial and construction supplies to end-users. The company operates 11 regional distribution centers in the United States: Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, and Kansas; and three outside the United States: Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. The company operates its Georgia, Indiana, Ohio, Minnesota, and Texas distribution centers with 'automated storage and retrieval systems' or ASRS. Products The company’s product line referred to as the fastener product line, consists of two categories: 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. The manufactured products consist primarily of non-standard sizes of threaded fasteners made to customers’ specifications or standard sizes manufactured under its Holo-Krome product line. Support Services Operations The services provided by the support services group include items such as tool repair, band saw blade welding, third-party logistics, and light manufacturing. Customers 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 and repair operations. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors. Other users of its products include farmers, truckers, railroads, mining companies, federal, state and local governmental entities, schools, and certain retail trades. During 2013, its active customer accounts included approximately 405,000. Seasonality During the winter months, the company’s sales to customers in the non-residential construction market slow due to inclement weather. Also, sales to its industrial production customers decrease during the Fourth of July holiday period, the Thanksgiving holiday period (October in Canada and November in The United States), and the Christmas and New Year holiday period, due to plant shut-downs. Trademarks and Service Marks The company conducts business under various trademarks and service marks, and the company utilizes various designs and tag lines in connection with each of these marks, including First In Fasteners. History Fastenal Company was founded in 1967. The company was incorporated under the laws of Minnesota in 1968.
fastenal co (FAST:NASDAQ GS)
2001 Theurer Boulevard
Winona, MN 55987
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