The 2020 Mid-Year Economic Update_long

Fastenal Acquires Aerospace Distributor Av-Tech Industries

Acquisition to promote Fastenals growth in the aerospace market.

The Fastenal Company (NASDAQ: FAST), Winona, MN, has acquired certain assets of Av-Tech Industries, a wholesale distributor of aerospace fasteners, electronic components and miscellaneous aircraft parts.

"We feel there is a strong opportunity for our company to continue to grow within the aerospace market," said Fastenal President Lee Hein. "Av-Tech Industries will be a great asset in that mission."

Av-Tech Industries specializes in the sourcing, distribution and fulfillment of off-the-shelf and hard to find products and serves customers in industries including aerospace, aviation, aircraft repair, air conditioning, automotive, window manufacturing and other commercial concerns.

Fastenal operates approximately 2,700 stores and 14 distribution centers located primarily in North America with additional locations in Asia, Europe, Central and South America and Africa.

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