In my last post I asked about what was the “buzz” leading up to the Vegas Show. I think I just read it in a press release on Industrial Distribution. Fastenal, the company that has largely grown by opening up new stores, has purchased a multi-branch distributor with locations in Washington, Oregon, Idaho and Montana. Who says you can’t teach an old dog new tricks?
Yes, Fastenal has purchased some manufacturers in the past few years with acquisitions of both Holokrom and Cardinal. But I think this is the first time they have purchased an existing distributor.
This trend could shake up a lot of markets because I do think there are some pretty deep pockets here. If they were to start buying up other distributors, this could certainly change the fastener landscape.
So, now we know where at least SOME of the buzz is coming from.
Since Fastenal has enough money to buy up other distributors and manufacturers, I just want to put it out there, I am willing to let them sponsor my tweets and Facebook post. Just sayin……
Fastenal aquire an aerospace company here in DFW less than a year ago… AvTech… not a big company, but important nonetheless…
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October 10, 2015
…and then I log onto Global Fastener News this morning and see this….more buzzzzzzz
NEWS BRIEFS
Würth Group Acquires Des Moines Bolt
Regardless of supply issues there is never a shortage of Buzz !
Here’s some buzz!
This year’s ‘Vegas Fastener Expo is even larger than last year with 827 booths and over 625 companies from throughout the USA and 18 other nations worldwide.
This is the largest show in our proud 35-year history and there are lots of exciting new products and services to see.
Register online NOW at http://www.fastenershows.com.
See ‘ya in ‘Vegas!
Everyone will be there.