Fastenal to Acquire Certain Assets of Fasteners, Inc.; Terms Not Disclosed

Fastenal Company (Nasdaq: FAST) announced today it has signed an agreement to acquire certain assets of Fasteners, Inc. a regional industrial and construction supply distributor with store locations in the states of Washington, Idaho, Oregon, and Montana.  The agreement includes several conditions to close, and we expect to close by the end of October.  "We feel this is a great opportunity to grow our operations within the Pacific Northwest," said Dan Florness, Executive Vice-President and CFO of Fastenal.  "Fasteners, Inc. shares our same core values of integrity and great customer service, and we believe they will be a great strategic fit within our shared geographic locations." "I am extremely excited about the opportunity for the business and our employees to move forward with Fastenal," added Dennis Hanson, President and owner of Fasteners, Inc.  "Fastenal brings an enormous supply capability and cost savings technologies to our customers.  This union will help us grow and better serve our customers, while maintaining the excellent quality and service our customers expect." Fasteners, Inc. was founded in Spokane, Washington in September 1961. As the name implies, the company focuses on See full press release