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The Fastenal Company (Nasdaq: FAST), Winona, MN, has agreed to acquire Fasteners Inc., Spokane, WA. Fasteners Inc. is a regional industrial and construction supply distributor with store locations in Washington, Idaho, Oregon and Montana.
"We feel this is a great opportunity to grow our operations within the Pacific Northwest," said Dan Florness, 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."
Fasteners Inc. has 13 store locations and expected 2015 revenues of $36 million.