In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
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Following his three-part article series, we had John Gunderson on the podcast for a deeper dive into Fastenal’s move from a company dependent on a nationwide branch network to one that emphasizes embedded customer service.
It lets Fastenal meet a broader scope of product needs in the aerospace and defense industry, with a focus on precision-machined parts.
The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
Automotive fastener manufacturer MEIDOH moves to diversify its business with the addition of Arizona-based Pilgrim Aerospace Fasteners.
Despite the tense global economic and political climate, Germany-based industrial distributor Würth Group's sales grew by 2.4%.
Threadline Products opened a new headquarters to meet growing demand and combine operations of a legacy distribution acquisition.
Fourth quarter sales, profits and margins all edged up from a year earlier, and December daily sales topped November's. Get our in-depth breakdown here.
Hillman's recent entrance into rope and chain will further embed the distributor with its blue-chip customers.
The addition of Sherex will complement PennEngineering's rivet nut brand and provide additional manufacturing capability to Sherex customers.
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In its seventh acquisition of the year, Ohio-based industrial distributor AFC Industries has added fastener supplier CIF.
Norm Fasteners will establish its first U.S. manufacturing facility to support the electric vehicle supply chain and other customers.
Adding Frontier Fastener Inc. will help the group scale its plans to service manufacturers and other customers in the U.S. northeast.
Year-over-year daily sales growth doubled that of October, but the company's November-December sales figures are known to be volatile.
It adds branches in Dallas and Houston to NEFCO’s 37 locations nationwide.
In the last of his three-part detective series, John Gunderson examines the role that Fastenal's investments, product line expansions and digital growth have played to drive a decade-long performance increase.
Boeing Distribution will continue to offer Parker Lord's shock, vibration and motion control products for production and aftermarket needs.
The industrial distributor acquired Big Red Fasteners in 2022 as part of its long-term growth initiative.
Endries International CEO Michael Knight discusses his first year leading the fast-growing OEM fasteners distributor, his thoughts on AI ethics and the power of coaching your staff.
