Fastenal Agrees To Buy Holo-Krome

Acquisition of the manufacturer of socket head screw products will expand Fastenal's product offerings.

Industrial distributor Fastenal (Nasdaq:FAST), Winona, MN, has agreed to acquire certain assets of Holo-Krome, a manufacturer of domestic socket head screw products. Holo-Krome is based in West Hartford, CT.

“We believe it will be an excellent addition to Fastenal’s expansive product offering and aligns very well with our mission of ‘Growth through Customer Service,'” said Fastenal President and CEO Will Oberton.

“This is a great opportunity for Holo-Krome to continue its legacy,” added Holo-Krome’s National Sales Manager Charles LaBove. “Armed with Fastenal’s deep desire to add investment, we’re looking forward to providing an expanded product offering to serve new and existing customers.”

As of Nov. 30, 2009, Fastenal operated 2,357 stores and 14 distribution centers.

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