Willard D Oberton Net Worth is31.0 $Million
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Fastenal Co is an American company based in Winona, Minnesota. with its main distribution center located in Indianapolis, Indiana. Fastenal sells industrial and construction supplies and offers services including inventory management, manufacturing, and tool repair. Fastenal refers to itself as an industrial supply company, but Reuters calls it an industrial distributor.
Founded in 1967 by Bob Kierlin, who later became a Minnesota State Senator, it was incorporated December 24, 1968.
Fastenal's offerings are purchased, not made. But as of 2009, the company has at least one cold heading manufacturing line.
By 2004, 50% of product by weight[citation needed] was processed steel.
The company places much emphasis on its series of over 2,600 retail stores in North America and Mexico.
Companies that purchase from Fastenal are either large or small, but most overseas customers may be comparatively mid-sized.
The company sells both retail and wholesale.
Manufacturers and government agencies buy from Fastenal.
Fastenal has been contracted by the US Government on a number of occasions.
In 2004, increasing material costs were passed on to end users by the company.
In 2007, Fastenal claimed that at least 20% sales and profit growth and ROI were achievable during a normal economic cycle.
Customers sometimes ask for lower prices due to externalities.
In 2009, Fastenal acquired parts of Holo-Krome, a US socket head screw-making company.
Fastenal and Salesforce.com were added to the S&P 500 index in late 2008, replacing removed corporations.
Fastenal's main inventory is fasteners such as screws, threaded rods, and nuts, which can be used in construction and manufacturing. Other product lines do exist. The company had a total of 690,000 individual products as of 2010.
The company offers a variety of services, including inventory management, small fastener manufacture, and machining.
Part of its services line,[citation needed] Fastenal o

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Willard D Oberton Latest News

Fastenal Earnings Call Insights: The Gross Margin and Vending Adoption

Click here for our fresh Feature Stock Pick now! Willard D. Oberton – President and CEO: Well, there are several things we’re working on Holden. One is pushing fasteners harder, hopefully get some help there. But another initiative that we’ve been ...
Posted: January 21, 2013, 6:31 am

Fastenal Named Top Dividend Stock With Insider Buying and 2.25% Yield (FAST)

One such company is Fastenal Co. (NASD: FAST), which saw buying by CEO Willard D. Oberton. Back on July 15, Oberton invested $90,274.30 into 2,000 shares of FAST, for a cost per share of $45.14. In trading on Thursday, bargain hunters could buy shares of ...
Posted: July 24, 2014, 8:34 am

Company changes board members

The board of directors also will include Andrew Cecere, Michael J. Hoffman, Douglas A. Milroy, Willard D. Oberton, James J. Owens, Ajita G. Rajendra, Trudy A. Rautio, and John P. Wiehoff. Donaldson operates a plant in Dixon.
Posted: March 25, 2016, 6:15 pm
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