Fastenal Co. Buys Stake in Apex - Its Provider of Industrial Vending Machines

摘要

Fastenal Co., Winona, MN, purchased certain assets of Apex Industrial Technologies on March 30, according to an 8K filed by the company. Over the past 12 years, Apex has provided Fastenal with thousands of industrial vending machines, and the distributor is generally considered to be the leader in the use of this on-site sales tool at industrial and commercial locations. According to the 8K, since 2008, Fastenal bought "more than 105,000 product dispensing and leased devices across 23 device types in 25 countries. These devices generated more than $1.1 billion in sales in 2019."