Fastenal Co was incorporated under the laws of Minnesota in 1968. The Company sells industrial and construction supplies to end-users and also have some 'walk-in' retail business. It operates 14 distribution centers in North America from which it distributes products to its store and in-plant locations. The Company conducts business under various trademarks and service marks, including First In Fasteners. Its original product offerings are fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. Its fastener product line, consists of two broad categories: threaded fasteners, such as bolts, nuts, screws, studs, and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. The Company's customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers and maintenance and repair 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, production, and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades. The Company's competitors include large distributors located in large cities, smaller distributors and on-line retailers.
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