fastenal manufacturing winona mn

Fastenal helps customers simplify and realize product and process savings across their supply chain. We sell a broad offering of products spanning more than nine major product lines – from fasteners and tools to safety and janitorial supplies. Fastenal Company deals in distributing construction, industrial and safety supplies. They are essentially a company associated with and promoting industrial supply chain.

They even offer other services that include inventory management, tool repairing, manufacturing and many other third party logistic requirements. The company has more than 2,000 branches across Europe, Mexico, Canada and the United States. The company even offers vending machines, drill bits and other tools. In 2007, they initiated their own freight fleet in order to minimize excessive transportation cost.

Custom packaging, product sourcing, inventory management are some of the major services they offer. Fastenal is a US based company headquartered in Winona, Minnesota that distributes industrial, safety and construction supplies and offers services including, third party logistics, inventory management, manufacturing and tool repair. The Fastenal story began in 1967 when Bob Kierlin pooled together $30,000 with four friends and opened the first Fastenal store, a 1,000 sq. (The original business plan was to dispense nuts and bolts via custom vending machines, but the technology proved impracticable at the time. Several decades would pass before Fastenal finally popularized industrial vending). Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. 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 its products include farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades. Its fastener product line is sold under the Fastenal product name. The primary services provided by the company include allowing customers and clients to obtain industrial and construction supplies, help in inventory management, repairing and manufacturing of tools and also acts as an industrial distributor too. The company also indulges in global sourcing services and logistics operations too.

The clients of the company include government entities, railroad companies, mining companies, farmers, schools, truckers, etcetera. Fastenal Company, founded in 1967, is a full-line distributor of different types of industrial and construction supplies. The company s fastening systems include nuts, bolts, screws, socket products, washers, concrete anchoring systems, construction adhesives, firestops and pipes. Its cutting tools division specializes in metal removal tooling, custom design, and re-sharpening services using computerized numerical control equipment. The firm s hydraulics and pneumatics segment offers brand name fittings, hoses, pneumatic valves, and power transmission products. Its chemicals and paint division specializes in paints, lubricants, inhibitors, cleaners and degreasers.

Fastenal Company is headquartered in Winona, Minn., and owns and operates more than 1,800 stores throughout the United States, Canada, Mexico, the Dominican Republic, Puerto Rico, Singapore, Europe and China. Fastenal first sold mostly fasteners such as screws, threaded rods, and nuts, which are used in construction and manufacturing. Today's product range is more diverse, and the company had a total of 690,000 individual products as of 2010. In addition to a plethora of SKUs, the company offers a variety of services, including inventory management, small fastener manufacture, vending, and machining. These include heavy, low value parts like $0.02 screws and rivets (ie, the original "fasteners" business) to supplies employees use to get their jobs done like gloves, masks, safety goggles, and janitorial supplies.

Fastenal distributes a full line of industrial products through its 12 distribution centers, offers an in-house manufacturing division and a product quality assurance and engineering department. Our products include industrial fasteners, bolts, latches, adhesives and much more. Distributor of industrial supplies, with specialties in threaded fasteners and accessories.

Nuts, bolts, screws, sockets, washers, anchors, pins, and studs offered in product line. Other products include power tools/equipment, cutting tools, hydraulic, and pneumatic equipment. Other products serve industries such as plumbing, electric, manufacturing, welding, and engineering. CAD layout design, mechanical testing, gag calibration, and tool repair also in offered services. Along the way, we've become a vital part of Fastenal's customer service and one of the largest custom manufacturing operations in our industry.

Fastenal Co. engages in wholesale distribution of industrial and construction supplies. The company was founded by Robert A. Kierlin in November 1967 and is headquartered in Winona, MN. Fastenal is an American company that focuses on providing various types of distribution centres, inventory management services, etcetera, for all of its customers and clients, around the world. As of the year 2018, the company has its presence in over 2,200 locations across the globe. The company provides its services in Asia, Europe, Canada, the USA and Mexico, with the help of its 13 distribution centres. As of the year 2013, the company's annual revenue is more than $3,326 million.

Also, the number of employees working at the company, as of the year 2017, is more than 20,500. The company is ranked at 687 places in the Fortune 1000 companies list. It takes a lot of 'behind the scenes' support to provide the direction, training, tools, and resources our local personnel need to succeed in the field. Each of our 2,600+ stores is an efficient source for a broad range of products, services and solutions. Backed by our global sourcing and distribution strength, each store provides immediate access to product, custom inventory control solutions, and a level of service that's second to none.

Importantly, in 1981 Fastenal purchased the inventory and customer list of the fastener lines of Briese Steel in Rochester. That move spurred growth, first into La Crosse, Wisconsin, and then throughout the upper Midwest. By the early 1980s Fastenal was operating more than 30 company-owned stores. Although all of the original founders contributed to the venture's growth, Kierlin was always the driving force; in fact, the other founders, with the exception of Slaggie, went on to start their own small companies while remaining part-owners in Fastenal.

Kierlin focused aggressively on customer service and used his financial background to keep tight control on the company's finances. The founders' goal with Fastenal was to devise a means of making all kinds of nuts and bolts readily available to the general consumer. The group tinkered with various solutions, including an idea for a nuts and bolts vending machine. They finally settled on a retail strategy to stock a store with thousands of fasteners that would serve as a dependable one-stop shop.

Most of the initial planning was done during the weekends and other times when the group could get time off from work. "It was almost like a hobby," Remick reminisced in the November 1994 Corporate Report-Minnesota. Please take a note that you are about to post a public review about Fastenal Company corporate office on CorporateOffice.com.

This review will be public, so please do not post any of your personal information on this website. If you would like to contact the corporate offices of Fastenal Company, please use their contact information such as their phone number, website, and address listed above to contact them. However, sometimes staff from Fastenal Company headquarters do read the reviews on this website. Fastenal has its stores spanning all 50 U.S. states, Canada and Mexico, including locations in Central and South America, Europe and Asia – each striving to be the best industrial supplier in the market it serves. 1.4 million products, 14 Distribution Centers, $4.0 billion in revenue, featured in Forbes list of top 50 most innovative companies.

Fastenal Company Purchasing distributes industrial products. The Company offers fasteners, safety, cutting tools, chemicals, paints, packaging, janitorial, abrasives, electrical, pneumatics, plumbing, welding, automotive, hardware, furniture, and HVAC products. At Fastenal Manufacturing, we don't make the common fasteners found on your local Fastenal store shelf — We Make the Unavailable Part Available℠.

That includes everything from complex machined parts and high-volume production fasteners to large-diameter bolts and complete stud assemblies. Through our eight global manufacturing locations, we produce more than 70,000 jobs per year — each one a solution for a customer in need. This Louisville 12 foot PRO Platform step ladder has a 375lb load capacity, rated ANSI Type IAA. It features an extended handrail and a 50% larger platform area for added comfort and safety. The Louisville FXP1812HD PRO Platform ladder meets or exceeds the safety standards set by ANSI, CSA, and OSHA.

Fastenal's gains were the result of Kierlin's profitable strategy and constant adaptation to markets. By the early 1990s each Fastenal store was offering a huge 30,000 items. Four thousand of those were stocked, while the rest could be delivered within 24 hours from regional distribution facilities in Winona, Indianapolis, and Scranton . The stores were typically able to garner profit margins of between 50 percent and 80 percent, which was far above the industry average of about 37 percent. Costs were kept low by locating shops in low-rent districts and minimizing other overhead.

By 1985 the chain had grown to a total of 35 company-owned stores. To generate cash for more expansion, Fastenal's founders took the company public in 1987. The stock jumped from $9 to $15 by year's end, making the Fastenal initial public offering the most successful of the 627 conducted during the year of the October 1987 crash. Fastenal tapped the proceeds of the sale to add new outlets to its burgeoning chain. By 1992 Fastenal was operating 200 stores throughout the industrial heartland of Pennsylvania, Ohio, Michigan, and Minnesota, but also as far away as Texas, New York, the Dakotas, and West Virginia. If the materials needed by factories and their employees to build things aren't sufficiently stocked in the right distribution outlet, then work stops.

This is obviously very disruptive and costly for the customer and would undo the customer's trust in the Fastenal partnership. This is also demonstrated by the importance it places on employee safety, development, decentralized local decision making, and internal promotion and compensation policies. The company's Asian trading company, Fastenal Asian Sourcing and Trading, is mainly a wholly foreign-owned enterprise, which is located in Shanghai, China, where it directs mostly sourcing and also import purchasing activities too. Opening in the year 2001, the company's Singapore location was its first site outside North America as well. By the year 2009, the sales operations in Shanghai were complemented by those in its larger neighbour, which was Malaysia. Locally incorporated Fastenal Malaysia SDN BHD is associated with Fastenal's Malaysian activities too as well.

The company mainly operates an A2LA accredited testing laboratory in Malaysia, as of the year 2014. Then in the year 2009, Fastenal acquired parts of Holo-Krome - which was a US-based socket head screw-making company. Fastenal and was added to the S&P 500 index by the end of the year 2008, replacing the removed corporations too. As of the year 2012, Lee Hein had taken over as President of Fastenal.

As of the year 2016, Daniel L Florness became the President and CEO of the company. Daniel Florness started with the company in 1996 as the company's CFO. The headquarters of the company is based in 2001 Theurer Boulevard. The name of the place is Winona, while the name of the state is Minnesota, USA. The pin code of the area is 55987.

Fastenal Company is an American company based in Winona, Minnesota. Fastenal's service model centers on approximately 3,200 in-market locations, each providing custom inventory and a dedicated sales team. Regional distribution centers across North America, working with local stores to anticipate customer demand and keep product flowing when and where it's needed. The Louisville FS1404HD step ladder meets or exceeds the safety standards set by ANSI, CSA, and OSHA. QuickTSI is your one-stop-shop for everything you need to run your transportation and freight logistics business. Our website allows you to post loads or find trucks, post trucks or find loads, look up carrier profiles, view trucking companies, find truck driving jobs, and DOT medical examiners.

QuickTSI provides FREE information on trucking companies, freight brokers, loadboard, and truck driving jobs. It is a marketplace for Trucking Companies, Truck Drivers, Shippers, Freight Brokers, and Medical examiners. The heart and soul of QuickTSI is our transportation and logistics community with unlimited access to information at this website FREE of cost. Please help us keep this online business growing so click on red button below to help QuickTSI. Amazingly, Fastenal moved through the early 1990s with virtually no long-term debt, while expanding at a rampant pace. New stores were added from the East Coast to the West Coast, and the company opened up a sixth distribution center.

The total number of Fastenal outlets grew to 256 in 1993 and 324 by the end of 1994. With solid gains in existing store sales, company revenues increased to $110 million in 1993 and $161 million in 1994. After posting record net earnings of $11.9 million in 1993, Fastenal's net income surged to $18.7 million in 1994. The first Fastenal shop opened its doors in 1967 on Winona's Lafayette Street. 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.

It soon became clear to the partners, however, that the venture was a flop. The partners were delivering nuts and bolts in a 1949 Cadillac and having to periodically chip in $1,000 from their savings just to keep the company afloat. "We'd look at the income statement and say, 'We lost how much money?' and then order a round of Budweisers. There was so much red ink." The idea for Fastenal was conceived by 11-year-old Robert A. Kierlin.

When Kierlin assisted his father at the family's auto supply shop in Winona, Wisconsin, he noticed that customers typically drove from store to store looking for fasteners that they needed for particular jobs. If a hardware store didn't have the right nut or bolt, the owner would often send the customer to the Kierlins' store, and vice-versa. In many instances, Bob noted, the fastener simply couldn't be found and the buyer would have to place a special order and wait. "I wondered if you could put together a store with all the parts," Kierlin recalled in the November 9, 1992, Forbes. Fastenal's offerings are mainly all purchased and not made.

In the year 1987, the company had become a limited public entity. But as of the year 2009, the company has at least one cold heading manufacturing line as well. By the year 2004, 50 per cent of the product that was processed was steel. As of the year 2009, the company had retail sales outlets in every province and two Canadian distribution centres as well.

The same year, the company had established retail outlets in almost fourteen of Mexico's states as well as a distribution centre too. The company had started its Mexico activities in the year 2001. Machining may be a better term for what Fastenal calls its "manufacturing" operations.

As of 2000, the company employs 400-plus people at six manufacturing locations, including one manufacturing bolts made using a newer method, cold heading, in Rockford, Illinois, an operation in Wallingford, Connecticut, and another in Malaysia, etc. Fastenal refers to itself as a supply chain solutions company, while Reuters calls it an industrial distributor. Fastenal provides companies with the fasteners, tools, and supplies they need to manufacture products, build structures, protect personnel, and maintain facilities and equipment. With some effort, he was able to persuade an IBM co-worker, Jack Remick, to help him pursue his goal of selling nuts and bolts. Also joining Kierlin were former high-school buddies Michael Gostomski, Dan McConnon, and Steve Slaggie. Slaggie, Kierlin, and McConnon had graduated from Winona Cotter High School in 1957, and Gostomski had followed in 1958.

The five partners ponied up $30,000 and rented a 20-foot-wide storefront in Winona. Someone suggested "Lightning Bolts," but two of the founders were so opposed to the name that they threatened to take their money and leave. Remick hand-painted the store sign, which one day would be framed and hung in the company's headquarters offices. Yet Fastenal grew its revenues 2.6 times from $2 billion to $5.3 billion in 2019 while maintaining operating margins of roughly 20% and returns on invested capital in the mid 20%. Yet, $5 billion is still a small share of the $100+ billion sourcing opportunity available ahead to grow into for decades to come.