It’s an old idea whose time has come. When Fastenal founder Bob Kierlin first contemplated getting into the nuts and bolts business, one of the first thoughts was of a vending machine that, at the ...

WINONA, Minn. — It was over 40 years in the making, but Bob Kierlin’s industrial vending machine is now a sizable part of Fastenal Co. Kierlin, one of the founders of Fastenal in Winona in 1967, had a ...

I realize this is not really new info. Winona nuts and bolts powerhouse Fastenal has been intalling industrial 'vending machines' for the past few years. But I hadn't really looked at this in depth.

Fastenal's shift from branch closures to expansion, creates strong growth outlook. Investments in FASTCrib and digital services enhance customer retention, increase margins, and expand Fastenal's TAM.