Fastenal Co
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Industrials : Trading Companies & Distributors | Mid Cap Growth
Company profile

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration, production and refinement companies, mining companies, federal, state, and local governmental entities, schools and certain retail trades. Its original product offerings are fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name.

Closing Price
$43.12
Day's Change
0.18 (0.42%)
Bid
--
Ask
--
B/A Size
--
Day's High
43.65
Day's Low
42.57
Volume
(Light)
Volume:
2,291,171

10-day average volume:
2,961,554
2,291,171

Fastenal Named the Official Maintenance, Repair and Operations Partner of the NHL

6:50 am ET August 19, 2020 (BusinessWire) Print

Fastenal Company (Nasdaq: FAST) and the National Hockey League (NHL(R)) today announced a multiyear global partnership, naming Fastenal the official Maintenance, Repair and Operations (MRO) partner of the NHL through the 2023-24 season. The partnership is focused on creating an efficient and reliable MRO supply chain for ice rinks across North America.

MRO encompasses the wide-ranging products and services needed to keep facilities up and running. In hockey, this includes mechanical, electrical and plumbing products used to maintain rinks, sanitation and janitorial supplies required to keep facilities clean and safe, and power tools and accessories used by players and equipment managers to prep gear for game play.

The agreement provides Fastenal a presence at future NHL tentpole events including corner in-ice advertising positions and in-arena branding at the NHL Winter Classic(R), NHL(R) All-Star Weekend, NHL Global Series(TM) and NHL Stadium Series(TM).

The NHL will utilize Fastenal's vast and secure supplier network to provide a variety of MRO supply needs. Fastenal will offer products used to maintain safe environments, including PPE (personal protective equipment), sanitizer, and cleaning supplies. The NHL will also leverage Fastenal's inventory management and procurement expertise to benefit the entire hockey ecosystem including:

NHL clubs and facilities - The NHL and Fastenal will work together to implement a standardized equipment program that includes state-of-the-art tool carts for visiting team locker rooms at all NHL arenas. The partnership will also focus on helping these venues optimize operations by accessing process improvement tools to simplify procurement, control spending, and visualize inventory.

Community rinks - In an effort to keep ice hockey sustainable and rink operations cost-effective, the partnership taps Fastenal's nationwide branch network to offer services to the 4,800-plus community rinks across North America. Fastenal can help these facilities navigate the challenges of aging infrastructure and rising operating costs so that community rinks can continue to operate efficiently while developing future generations of players and fans.

"We are thrilled to welcome Fastenal to the NHL family. Our facility operators, equipment managers and trainers can immediately benefit from Fastenal's wide assortment of MRO products for all their specialized needs," said Max Paulsen, NHL Director, Business Development. "This partnership reinforces the League's commitment to community rinks via Fastenal's industry-leading expertise, product inventory, and competitive preferred pricing, which will ultimately ensure the continued growth of hockey at all levels."

"As we discussed a possible partnership with the NHL, it became clear the supply chain strengths of Fastenal, coupled with our steadfast commitment to providing safety solutions during this current environment, could make a positive impact on the League and on hockey facilities throughout North America," said Fastenal President and CEO Dan Florness. "We're excited to connect with the NHL's avid fan base, and to deepen our connection with a sport that is already loved by many of our employees and customers."

Go to nhl.com/Fastenal for more details.

NHL, the NHL Shield and the word mark NHL Winter Classic are registered trademarks and the NHL Winter Classic logo, NHL Stadium Series name and logo and NHL Global Series name and logo are trademarks of the National Hockey League. (C) NHL 2020. All Rights Reserved.

About Fastenal Fastenal is many things to many different customers: an expert consultant, a logistics company, a technology provider, and more generally, a distributor of wide-ranging industrial and construction products. The company's service model centers on over 3,200 in-market locations, each providing custom inventory and a dedicated sales team to support local customers. These locations are supported by Fastenal's closely-aligned supplier network, captive distribution system, robust sourcing, quality and manufacturing resources, and multiple teams of subject matter experts. Founded in 1967, Fastenal continues working toward its goal of Growth Through Customer Service(R). For more information, visit www.fastenal.com.

FAST-G

About the NHL The National Hockey League (NHL(R)), founded in 1917, consists of 31 Member Clubs and proudly welcomes its 32nd franchise, the Seattle Kraken, for the 2021-22 season. Each team roster reflects the League's international makeup with players from more than 20 countries represented, all vying for the most cherished and historic trophy in professional sports - the Stanley Cup(R). Gary Bettman has served the NHL as Commissioner since February 1, 1993 and has guided the world's top professional hockey league to more than $5 billion in annual revenues and partnerships with more than 40 blue chip corporate sponsors. Every year, the NHL entertains more than 670 million fans in-arena and through its partners on national television and radio; more than 151 million followers - league, team and player accounts combined - across Facebook, Twitter, Instagram, Snapchat and YouTube; and more than 100 million fans online at NHL.com. The League broadcasts games in more than 160 countries and territories through its rightsholders including NBC/NBCSN and the NHL Network in the U.S., Sportsnet and TVA in Canada, Viasat in the Nordic Region and CCTV and Tencent in China. The NHL reaches fans worldwide with games available online in every country including via its live and on-demand streaming service NHL.TV(TM). Having entered the esports world in 2018, the League hosts the NHL Gaming World Championship annually, drawing record digital streaming audiences during the 2019 campaign. Fans are engaged across the League's digital assets on mobile devices via the free NHL(R) App; across nine social media platforms; on SiriusXM NHL Network Radio; and on NHL.com, available in eight languages and featuring unprecedented access to player and team statistics as well as every regular-season and playoff game box score dating back to the League's inception, powered by SAP. The NHL is committed to building healthy and vibrant communities through the sport of hockey by increasing youth participation and engagement; fostering positive family experiences; promoting inclusion, positive culture and leadership; and supporting sustainable community impact.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200819005061/en/

SOURCE: Fastenal Company

Media Contacts: 


Casey Severson
Fastenal - Sports Marketing Manager
507.313.7828


Brad Klein
NHL Communications
bklein@nhl.com


Investor Contact: 


Ellen Stolts
Fastenal - Assistant Controller - Reporting and Reconciliation
507.313.7282
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