Fastenal apex

Fastenal Company FAST has been focusing on the industrial vending process that has the potential to revolutionize the fastenal apex distribution system and increase profitability. However, the terms of the deal have been kept under wraps. Sinceboth Fastenal and Apex have worked together in developing more thanproduct dispensing and leased devices across 23 device types in 25 countries. Apex has created and developed the software, designed the equipment, fastenal apex, as well as built the vending equipment supply chain.

Logo provided. Fastenal, a leader in automated industrial supply distribution, has purchased certain assets of Apex Industrial Technologies LLC for an undisclosed sum, according to a Yahoo Finance report. The terms of the deal have not been disclosed. Since , the two companies have worked together to develop more than , product dispensing and leased devices across 23 types of devices in 25 countries. Apex has developed the software, designed the equipment, as well as its vending equipment supply chain, according to the report. Conversely, Fastenal has provided the some of the technology.

Fastenal apex

Get access to essential strategic content, in-depth reports, industry intelligence, and exclusive data. Forgot your password? The coronavirus pandemic is disrupting B2B ecommerce and creating reams of immediate and longer-term challenges for distributors. But at the same time, the bread-and-butter business of running ecommerce and a broader distribution company also continues. A case in point is Fastenal Co. Fastenal is spending an undisclosed amount to purchase certain assets of Apex Industrial Technologies LLC, an automated point-of-use dispensing and supply chain technology development company based in Mason, Ohio. Since , Apex has worked with Fastenal to create and develop the software, design the equipment and build the equipment Fastenal has used to deploy internet-connected vending machines used for selling products at customer locations both in the United States and overseas, Fastenal says in a new filing with the U. Securities and Exchange Commission. Fastenal, based in Winona, Minnesota. Fastenal deploys industrial vending machines consisting of 23 different vending devices, the company says. Ecommerce Benchmarks U. Subscriptions Advertise with Us. Sign Into Digital Commerce Forgot your password?

This outperformance has not just been a recent phenomenon.

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Fastenal Company FAST has been focusing on the industrial vending process that has the potential to revolutionize the industrial distribution system and increase profitability. However, the terms of the deal have been kept under wraps. Since , both Fastenal and Apex have worked together in developing more than , product dispensing and leased devices across 23 device types in 25 countries. Apex has created and developed the software, designed the equipment, as well as built the vending equipment supply chain. Conversely, Fastenal has provided the technology with industry expertise and a marketplace. In addition to certain assets, Fastenal also bought a perpetual and unfettered use of key patents, designs, software and licenses, along with a direct access to the supply chain.

Fastenal apex

According to a recent report, Fastenal has acquired certain assets of Apex Industrial Technologies. Since , the two companies have worked together to develop more than , product dispensing and leased devices across 23 types of devices in 25 countries. Apex has developed the software, designed the equipment, as well as its vending equipment supply chain, according to the report. Conversely, Fastenal has provided the technology with industry expertise and a marketplace. The report says that Fastenal also bought a perpetual and unfettered use of key patents, designs, software and licenses, along with a direct access to the supply chain. Notably, Fastenal adopted FAST Solutions to revolutionize the industrial distribution system and increase profitability with the automated dispensing technology. This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away! All rights reserved. For comments or questions about this Web site contact: CSWeekly contractorsupplymag.

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In addition to certain assets, Fastenal also bought a perpetual and unfettered use of key patents, designs, software and licenses, along with a direct access to the supply chain. Want the latest recommendations from Zacks Investment Research? But at the same time, the bread-and-butter business of running ecommerce and a broader distribution company also continues. Notably, Fastenal adopted FAST Solutions to revolutionize the industrial distribution system and increase profitability with the automated dispensing technology. Since , Apex has worked with Fastenal to create and develop the software, design the equipment and build the equipment Fastenal has used to deploy internet-connected vending machines used for selling products at customer locations both in the United States and overseas, Fastenal says in a new filing with the U. Not a Digital Commerce member? At end, the company operated 89, vending machines, up In , it projects to sign 22,, vending devices, suggesting an improvement from 21, signed in Fastenal Company FAST has been focusing on the industrial vending process that has the potential to revolutionize the industrial distribution system and increase profitability. The material on this site may not be reproduced, distributed, cached, or otherwise used, except with the prior written permission of Networld Media Group. You may sign into this site using your login credentials from any of these Networld Media Group sites:. In addition to certain assets, Fastenal also purchased a perpetual and unfettered use of patents, designs, software and licenses, along with a direct access to the supply chain.

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Russell 2, Sign in below. Read full article. Forgot your password? Fastenal is spending an undisclosed amount to purchase certain assets of Apex Industrial Technologies LLC, an automated point-of-use dispensing and supply chain technology development company based in Mason, Ohio. The coronavirus pandemic is disrupting B2B ecommerce and creating reams of immediate and longer-term challenges for distributors. Self-service automation and the human touch: 5 rules for success. Fastenal, based in Winona, Minnesota. Also, the recent economic slowdown resulting from shutdowns due to coronavirus has raised concerns regarding the future. Apex has created and developed the software, designed the equipment, as well as built the vending equipment supply chain.