Fastenal is one of the largest industrial suppliers in the world, providing businesses with fasteners, construction supplies, tools, and more. With over 2,600 stores worldwide and a commitment to growth, many people wonder just how many employees Fastenal has. In this article, we will explore the history of Fastenal, the company's growth, and how many employees it currently has.
The History of Fastenal
Fastenal was founded in 1967 by Bob Kierlin and four of his friends in Winona, Minnesota. At the time, the company was operating out of a small storefront, selling nuts and bolts to local businesses. Kierlin was passionate about creating a relationship-based business model, in which customers and employees alike were treated with respect and kindness. This philosophy would become the cornerstone of Fastenal's success.
The company grew steadily in the 1970s, but it wasn't until the 1980s that it really took off. Fastenal began franchising in 1985, allowing entrepreneurs to open their own Fastenal stores. By 1991, the company had over 250 stores across the United States, and in 1994, it went public on the NASDAQ stock exchange.
Today, Fastenal is a Fortune 500 company with over 2,600 stores worldwide. Its success is due in large part to its commitment to customer service and its innovative use of technology, such as its vending machine system.
Fastenal has experienced tremendous growth over the past few decades. In 2019, the company reported sales of over $5 billion, an increase of more than 8% over the previous year. This growth has been driven by the company's expansion into new markets, such as its recent expansion into the oil and gas industry.
One of the keys to Fastenal's success has been its focus on customer service. The company takes pride in its ability to meet the needs of its customers quickly and efficiently. This has helped to build a loyal customer base and has allowed Fastenal to continue to grow even in uncertain economic times.
How Many Employees Does Fastenal Have?
As of December 31, 2019, Fastenal had 22,883 employees worldwide. Of those employees, 15,460 were in the United States, and the remaining 7,423 were located in Canada, Mexico, Europe, and Asia.
Fastenal's commitment to its employees is evident in the benefits it offers. The company provides comprehensive health insurance, including dental and vision coverage, and also offers retirement plans and paid time off. In addition, Fastenal is committed to promoting from within, providing opportunities for career advancement to its employees.
The Future of Fastenal
Fastenal's growth shows no signs of slowing down. The company has plans to continue expanding its reach, both in the United States and internationally. In addition, Fastenal is committed to staying ahead of the curve when it comes to technology, investing in new systems and platforms that will allow it to better serve its customers.
So, if you are curious about how many employees Fastenal has, the answer is just over 22,000. However, the real story behind the company's success lies in its commitment to its customers and its employees. By staying true to its core values, Fastenal has become one of the most successful industrial suppliers in the world, and it shows no signs of slowing down anytime soon..