11/2/2015
HEADLINES
Fastenal Co. agreed to acquire certain assets of Fasteners, Inc. a regional industrial and construction supply distributor with store locations in the states of Washington, Idaho, Oregon, and Montana. The deal is expected to close by the end of October.
“We feel this is a great opportunity to grow our operations within the Pacific Northwest,” said Fastenal CFO Dan Florness. “Fasteners, Inc. shares our same core values of integrity and great customer service, and we believe they will be a great strategic fit within our shared geographic locations.”
“I am extremely excited about the opportunity for the business and our employees to move forward with Fastenal,” added Dennis Hanson, President and owner of Fasteners, Inc. “Fastenal brings an enormous supply capability and cost savings technologies to our customers. This union will help us grow and better serve our customers, while maintaining the excellent quality and service our customers expect.”
Fasteners, Inc. was founded in Spokane, Washington in 1961. Over the years the company has grown its business over the years to include thirteen store locations and anticipates 2015 revenues of approximately $36 million.
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