Fastenal Company of Winona, MN recently reported the results of the quarter ended March 31, 2016, showing a slight decrease from Q4, but higher than the previous year’s first quarter. For the vending industry, the interesting item is the continued increase in industrial vending machines. Since the first quarter of 2015, the number of installed devices has grown 17.2 percent, according to the report. Fastenal has recognized the growth potential of vending machines and continues to put resources in place to grow that segment. Full report.
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