Fastenal Company (0IKW.L) LSE

Currency In USD

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Fastenal Company

Address

2001 Theurer Boulevard

Winona, MN 55987-1500

United States of America (the)

Phone

507 454 5374

Sector

Industrials

Industry

Industrial - Distribution

Employees

21339

First IPO Date

January 29, 2018

Key Executives

NameTitlePayYear Born
Daniel L. FlornessChief Executive Officer & Director3.32M1963
Max H. TunnicliffSenior EVice President & Chief Financial Officer466,4031979
Sheryl Ann LisowskiExecutive Vice President, Chief Accounting Officer & Treasurer1.28M1967
John Lewis SoderbergSenior Executive Vice President of Information Technology1.36M1971
Charles S. MillerSenior Executive Vice President of Sales1.59M1974
Jeffery WattsPresident & Chief Sales Officer2.36M1972
John J. MilekVice President & General Counsel0N/A
Anthony BroersmaExecutive Vice President of Operations01981
Donnalee K. PapenfussExecutive Vice President of Strategy & Communications01965
Noelle J.OasExecutive Vice President of Human Resources01985
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Description

Fastenal Company, along with its various operating units, specializes in the wholesale distribution of essential industrial and construction materials. Its operations span North America, encompassing the United States, Canada, and Mexico, as well as numerous international markets. The core of its product offering, branded under the Fastenal name, includes a comprehensive array of fasteners such as threaded bolts, nuts, screws, studs, and accompanying washers. These components are critical for diverse applications, including the assembly of manufactured goods, various construction endeavors, and the ongoing maintenance and repair of machinery. Beyond fasteners, the company supplies a wide range of ancillary hardware and supplies, such as pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut components, rivets, and their associated accessories. Fastenal caters to a broad customer base, notably original equipment manufacturers (OEMs), maintenance, repair, and operations (MRO) within the manufacturing sector, and the non-residential construction industry, serving general, electrical, plumbing, sheet metal, and road contractors. Its clientele also extends to farmers, transport companies (truckers and railroads), mining operations, educational institutions, retail businesses, the oil exploration and refinement industry, and governmental bodies at federal, state, and local levels. The company efficiently distributes its products through an extensive network comprising 3,209 localized outlets and 15 major distribution hubs. Fastenal Company was established in 1967 and maintains its corporate headquarters in Winona, Minnesota.

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