Fastenal Company

Fastenal Company is an American publicly traded company headquartered in Winona, Minnesota, founded in 1967. The company's core business revolves around being a major distributor of industrial and construction supplies, notably recognized as the largest fastener distributor in North America. Fastenal's mission is to help innovators achieve supply chain excellence through local engagement, global scaling, and relentless service.

Fastenal offers a comprehensive range of products including fasteners, cutting tools, safety equipment, janitorial supplies, and various maintenance, repair, and operations (MRO) items. Beyond product distribution, the company provides extensive services such as inventory management, vending solutions, custom manufacturing, and expert support in areas like safety and engineering. Fastenal serves diverse market segments, including manufacturing, construction, warehousing, government, and various other industrial and commercial clients.

In terms of leadership, Daniel L. Florness currently serves as the Chief Executive Officer, with Jeffery M. Watts slated to succeed him in July 2026. Recent corporate activities include the approval of new Employee Restricted Stock Unit and Non-Employee Director Stock and Restricted Stock Unit Plans by shareholders in April 2026, aimed at aligning employee and director interests with shareholder value. Fastenal also announced plans for a new Southeast U.S. Distribution Facility in March 2026 and celebrated 25 years of operations in Mexico during the same month. The company maintains a strong market position as a component of both the Nasdaq 100 and S&P 500 stock market indices.