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Headquarters: Winona, MN
2014 Revenues: $477.9 million
Change in Sales from 2013: 28.3%
Number of New Locations: 17
2014 Acquisitions: Av-Tech Industries
Key Executives: Leland J. Hein, president & CEO; Daniel L. Florness, EVP & CFO
Fastenal has diversified its product and service mix over the years, with just 40 percent of its 2014 sales coming from fasteners, compared with 47 percent in 2011. Sales of janitorial supplies accounted for 12.8 percent of the distributor's total sales in 2014.
In recent years, vending is a key growth driver for the distributor. Close to 40 percent of Fastenal's current business is with customers who have vending as part of their product offering and total sales to vending customers grew about 20 percent in 2014.
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