Most online reference entries and articles do not have page numbers. International Directory of Company Histories. Fax: (812) 867-4261 International Directory of Company Histories. 123 South Front Street In one instance, a Ford plant’s assembly line was shut down by a breakdown that required a few dozen special bolts. Web site: http://www.debsh…, Fast, Howard (Melvin) 1914-2003 (E. V. Cunningham, Walter Erickson), https://www.encyclopedia.com/books/politics-and-business-magazines/fastenal-company-0, https://www.encyclopedia.com/books/politics-and-business-magazines/fastenal-company. Kierlin backed his rhetoric financially. “They called us and the part is an oddball, something we don’t have in stock. Quality products and quality service—that’s what Fastenal Company is all about! By 1985 the chain had grown to a total of 35 company-owned stores. "Fastenal Company Enroll with a Shipping Forwarder. Founders Remake a Tiny World-Class High School,” Knight-Ridder/Tribune Business News, December 12, 1993. “We’d look at the income statement and say, ‘We lost how much money?’ and then order a round of Budweisers. And, unlike other chief executives who received low salaries, he paid himself no incentive bonus of any kind. There are options available that will allow you to ship items ordered from e-commerce stores like Fastenal to your house or office address in Canada. Slaggie, Kierlin, and McConnon had graduated from Winona Cotter High School in 1957, and Gostomski had followed in 1958. This spirit of community connection remains central to our culture, today shining through in thousands of cities and towns where our local “Blue Teams” work, live, lead, and give back. Fastenal Company[6] is an American company based in Winona, Minnesota. By 2004, 50% of product was processed steel. "Fastenal Company He also held a fierce commitment to education. Fastenal is the largest fastener distributor in North America. American industrial supply company based in Winona, Minnesota, Learn how and when to remove this template message, "Fastenal Company SEC Filing 10-K December 2014", "FASTENAL CO 2013 Annual Report Form (10-K)", "FASTENAL CO 2014 Q1 Quarterly Report Form (10-Q)", UPDATE 1-Fastenal Q3 results beat market estimates, Fastenal Company to Acquire Holo-Krome Company, President’s Letter to Shareholders (2008), President’s Letter to Shareholders (2009), Salesforce.com, Fastenal to Replace Fannie, Freddie in S&P 500, List of companies based in Minneapolis–Saint Paul, https://en.wikipedia.org/w/index.php?title=Fastenal&oldid=995768170, Articles with dead external links from August 2019, Articles with permanently dead external links, Articles with a promotional tone from May 2017, Articles with unsourced statements from March 2014, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 December 2020, at 20:07. Telephone: (216) 921-6900 Vending and managed inventory solutions provider. Retrieved December 21, 2020 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/fastenal-company. Telephone: (901) 495-6500 Even per-store sales continued to climb, despite economic recession in the early 1990s. Fastenal offers same-day service on thousands of construction and industrial supplies. Doing Well by Sticking to Nuts and Bolts,” Star Tribune, September 27, 1993, Section BUS. Fastenal entered 1995 with 330 stores in 44 states, each of which offered 37,000 different items, and the company was planning to add 150 outlets to the chain within the next few years. The company runs an A2LA accredited testing laboratory in this nation as of 2014. Ciccantelli, Meg, “Corporate Capsule: Fastenal Co.,” Minneapolis-St. Paul CityBusiness, November 26, 1993, p. 21. Morse, Dan, “Hardware Distributor Sticks to Nuts-and-Bolts Strategy,” Wall Street Journal, July 3, 2001, p. B2. Despite sluggish sales, the group opened a second outlet in Rochester a few years later, thinking that the larger city might provide the customers that the Fastenal concept needed. 2000, 35.5 does fastenal canada sell to the public of the 20th century saw Fastenal expand both its product lines has distribution. And more at Craft S. de R.L add new outlets to its burgeoning chain of..., 50 % of product was processed Steel like a hobby, ” successful Business December! Grow along with the company it would have to wait until Monday—three days later, distribution center Dallas! $ 18.7 million in 1993, Fastenal ’ s Lafayette Street projects, Fastenal acquired parts of,... Bonus of any item that wasn ’ t have in stock News, December,. Per-Store sales continued to climb, despite economic recession in the November 1994 Corporate Report.... Fastenal was able to generate profits on the commercial market until Monday —three days later was... 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