History of Fastenal in Timeline
Fastenal Company, founded in 1967 and headquartered in Winona, Minnesota, is a publicly traded American company. It ranked 479th on the 2021 Fortune 500 based on its 2020 revenue. Fastenal's stock is included in both the Nasdaq 100 and S&P 500 stock market indices. As of March 2023, Fastenal operated with 3,334 in-market locations.
3 hours ago : Fastenal Stock Transactions: Banks and Pension Plans Adjust Holdings in April 2025
Norinchukin Bank sold 44,526 Fastenal shares. First Commonwealth Financial Corp PA reduced its Fastenal stake, and Ontario Teachers Pension Plan Board sold shares in April of 2025, impacting stock value.
1967: Company Founded
In 1967, Fastenal Company was founded in Winona, Minnesota.
December 24, 1968: Company Incorporation
On December 24, 1968, Fastenal was officially incorporated.
1994: Entry into Canadian Market
In 1994, Fastenal entered the Canadian market.
1996: Daniel L. Florness Joins Fastenal
In 1996, Daniel L. Florness started with Fastenal as the company's chief financial officer.
1999: Entry into Mexican Market
In 1999, Fastenal entered the market in Mexico.
2000: Company Employment and Manufacturing
As of 2000, Fastenal employs 400-plus people at six manufacturing locations, including one manufacturing bolts made using a newer method, cold heading, in Rockford, Illinois; an operation in Wallingford, Connecticut, and another in Malaysia, etc.
2001: Singapore Location Opened
In 2001, Fastenal's Singapore location was opened, marking its first site outside North America.
2006: NASCAR Sponsorship
Since 2006, Fastenal has been a sponsor of NASCAR.
2007: A2LA Certified Testing Laboratory
As of 2007, Fastenal's accredited testing laboratory was A2LA certified.
2008: Addition to the S&P 500 Index
In late 2008, Fastenal was added to the S&P 500 index.
2009: Shanghai Sales Operations Expanded
By 2009, sales operations in Shanghai were complemented by those in its larger neighbor Malaysia.
2009: Acquisition of Holo-Krome Parts
In 2009, Fastenal acquired parts of Holo-Krome, a socket head screw-making company.
2010: Total Number of Products Offered
As of 2010, Fastenal had a total of 690,000 individual products.
2014: A2LA Accredited Testing Laboratory in Malaysia
As of 2014, Fastenal runs an A2LA accredited testing laboratory in Malaysia.
January 2016: Daniel L. Florness Appointed President and CEO
In January 2016, Daniel L. Florness became the President and CEO of Fastenal.
2020: Official MRO Partner of the NHL
In 2020, Fastenal became the official MRO partner of the NHL.
2020: Fortune 500 Ranking
In 2020, Fastenal's revenues led to a 479th place ranking in the 2021 Fortune 500.
2021: Fortune 500 Ranking Achieved
Fastenal was placed 479 in the 2021 Fortune 500.
March 2023: Number of In-Market Locations
As of March 2023, Fastenal had 3,334 in-market locations.
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