Fastenal Names Suppliers of the Year for 2010
Winona, MN - December 16, 2010 - Fastenal [Nasdaq: FAST] has announced its 2010 Suppliers of the Year based on sales growth, order fulfillment, operations, and other key performance measures. Fastenal's top suppliers compete for this honor all year long, utilizing Fastenal's Supplier Scorecard to track their performance versus similar sized companies within Fastenal's supplier network.
"It's all about aligning our goals with suppliers' in order to provide the best possible service for our customers," said Fastenal Business Development Manager Mike Rusk. "This is something our suppliers take very seriously, so it's a tremendous achievement for the winners. I'd like to congratulate all of our Suppliers of the Year - and also thank them for helping us to be the best distributor we can be."
Fastenal works with thousands of suppliers to meet its customers' diverse product needs. To provide a fair competition, Fastenal organizes its suppliers into classes based on annual sales volume. Each of the winners below was the best scorecard performer in its class during 2010.
2010 Fastenal Suppliers of the Year
DeWALT Class 1
Panduit Corporation Class 2
Milwaukee Electric Tool Class 3
Prospect Fastener Corporation Class 4
Convenience Products Class 5
Bondhus Products Class 6
E-Z Lok Class 7
Advance Components Class 8
ND Industries Class 9
Brighton-Best International, Inc. Class 10
Sqwincher Corporation Class 11
About Fastenal
Fastenal [Nasdaq: FAST] sells different types of industrial and construction supplies in the following product categories: threaded fasteners & miscellaneous hardware, power & hand tools; power tool accessories; metalworking & cutting tools, welding & abrasives; power transmission, hydraulics & pneumatics; material handling & storage; office & packaging products; janitorial, chemical and paint products; electrical supplies & lighting; safety supplies; fleet products; and metals, alloys and materials.
As of October 31st, 2010, Fastenal operated 2,472 stores in the United States (all 50 states), Canada, Puerto Rico, Mexico, Panama, Singapore, Netherlands, Hungary, Malaysia and China selling to the general public. The company operates 14 distribution centers located in Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, Kansas, Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. Learn more at www.fastenal.com.
