The increase in net sales was driven primarily by higher unit sales, resulting from improvement in underlying market demand, growth in Fastenal’s industrial vending business, and growth in new and existing onsite locations.
Fastenal Company late last year acquired certain assets of Fasteners, Inc. a regional industrial and construction supply distributor with store locations in the states of Washington, Idaho, Oregon, and Montana.
Like many worksites, oil and gas sites have potential hazards like falling from elevated platforms, slipping and tripping, and accidents due to lack of proper machine guarding.