In this video, Walter Scott client investment manager Murdo MacLean talks about US nuts and bolts and safety equipment supplier, Fastenal. What makes this 58-year-old company stand out?
Key points:
- American industrial supplies company Fastenal has delivered consistent growth and profits over multiple economic environments since its founding in 1967.
- The company’s wide range of products makes it a crucial supply business to the US manufacturing industry.
- The company has expanded its focus on key customers, offering rapid delivery and a "push button" replenishment system.
- Fastenal still only has a single-digit percentage market share, implying a long runway for growth.
