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December 10, 2009

Fastenal to buy screw maker

Hot Jobs_clip_image002_0021 Fastenal, the retail fastener giant based in Winona, is making an addition to its stable of related companies.

A press release rolled out today that say it is buying "certain assets of Holo-Krome..."Holo-Krome, which was founded in 1929, is based in West Hartford, Conn. The deal is expected to close on Dec. 18, according to the release.

Here's a little info directly from the press release:

The sales of this business for the year ended December 31, 2008 are less than 1% of the consolidated sales of the Fastenal organization for the same period.Holo-Krome was organized around what was a revolutionary idea at the time -- the manufacture of H_family2 socket screws by metal forming, or heading, rather than machining. More recently, the company invented the Thermo-Forged(R) process, which results in fasteners which are more precise, offer greater strength, and afford higher fatigue resistance.

As of November 30, 2009, Fastenal operated 2,357 stores in the United States (all 50 states), Canada (all provinces), Puerto Rico (multiple), Mexico (14 states), Singapore (one location), Netherlands (one location), Hungary (one location), Malaysia (one location) and China (one location) 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.

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O Wise and knowledgeable, sorry thinking of someone else. Anyway, curious why they have not had a Rochester storefront for many years??

Isn't there a Fastenal on 1680 Industrial Dr NW? That is where I get my fasteners

Oooops, guess they don't advertise in what I read. Will keep them in mind next time I need a whooosis to fit the whatchit.

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