Rockford, IL (3/1/21) - Derry Enterprises, Inc. announced today that it has acquired O.K. Fasteners, a Huck and mechanical fastener distributor based in Troy, IL. O.K. Fasteners stocks and distributes Huck fasteners, installation tools and parts primarily for the rail, transportation, mining, and general manufacturing industries.
As one of the leading Huck distributors, O.K. Fasteners has built a strong reputation with its customers on having stock of whatever Huck material the customer may need. “Derry Enterprises’ growth strategy, future vision, and strong culture will significantly enhance our ability to provide value to our customers and continue to grow our business. We are excited about our future together,” says Jon Knauss, President of O.K. Fasteners. Derry Enterprises is also acquiring Tools & Parts Inc, a separate organization that stocks and distributes Huck product as well.
With these acquisitions, Field Fastener, a subsidiary of Derry Enterprises, has become a Huck master distributor and is now able to sell Huck components, repair or maintenance items, as well as tools and equipment. Field also has direct access to other Huck brands such as Marson Fasteners and Tools, Recoil Products, Camloc, SNEP Products, Simmonds Products, Keyserts, and Value Rivets.
The keys to Derry Enterprises’ success are the unique culture and value proposition the company has. The culture is people focused and places a high value on the development of its team members to support is customers and suppliers. The value proposition is to generate year over year cost reductions for their customers through VMI and technical support services. In 1990 Derry Enterprises acquired Field Fastener and has averaged 19% growth rate year over year and hit $100 Million in 2019. “The acquisition of O.K. Fasteners is another important step in our goal of being the most technically competent fastening company in the world. We are pleased to have the O.K. Fastener team and its vast knowledge of Huck as a part of Derry Enterprises,” states Chief Customer Officer, Adam Derry. “Huck produces a great product and we are excited about partnering with them to drive greater value to the OEM market.”
About O.K. Fasteners
O.K. Fasteners stocks and distributes Huck tools and fasteners for the transportation, railroad, mining, & manufacturing industries. For over 30 years, they have provided innovative fastening solutions by being a technically competent distributor. To learn more about O.K. Fasteners, please call 618-667-9983 or visit them online at https://www.okfastenersinternational.com/
About Derry Enterprises, Inc.
Derry Enterprises, Inc. acquired Field Fastener in 1990. Field is a global distributor of fasteners and other small components to the OEM market. They are the best in the industry at providing ongoing cost reduction through both technical support services and inventory management systems. Over the past 30 years, Field has averaged 19% annual growth each year and for the eighth time in the last ten years have been recognized by Inc. Magazine as one of the fastest growing privately held companies in America. To learn more about Derry Enterprises and Field please call 815-637-9002 or visit them online at: www.fieldfastener.com