Fastenal opens Juneau location

National retailer expands, in part to supply mine operations

Posted: Wednesday, March 31, 2010

National industrial supplier Fastenal will open a store in Lemon Creek next month.

Michael Penn / Juneau Empire
Michael Penn / Juneau Empire

The company is the largest supplier of nuts and bolts in the world, with its core business conducted with industrial companies such as Coeur Alaska, which is developing the Kensington Mine northwest of Juneau.

The company sells fasteners, tools and equipment, chemicals and paint and safety equipment, among other items.

Planned activities at the mine drew Fastenal to the capital city, Regional Vice President J.T. Kuntz said.

Mine owner Coeur d'Alene Mines Corp. plans to complete construction and begin extracting ore later this year.

Fastenal's location on Anka Street will offer public retail space but sales typically occur in the field, Kuntz said.

The store will open at the beginning of April but it's unclear when it will open to the general public, since the company is still working to attain city permits.

The company rented a 2,500-square-foot space and will add exterior storage.

The Juneau store brings the number of Fastenal outlets in Alaska to six. The company has two stores in Anchorage and one each in Fairbanks, Wasilla and Kenai.

Fastenal has 2,400 stores worldwide, with the majority located in North America.

It will employ one person, a manager, in the Juneau location for the time being.

"As our sales grow we will add more people," Kuntz said.

The company, based in Winona, Minn., opened in 1967 and went public in 1986, trading under FAST.

• Contact reporter Kim Marquis at 523-2279 or kim.marquis@juneauempire.com.



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