Derry Enterprises Inc. acquired Illinois-based O.K. Fasteners, a Huck and mechanical fastener distributor.

Founded 30 years ago, O.K. Fasteners stocks and distributes Huck fasteners, installation tools and parts for rail, transportation, mining and general manufacturing industries.

O.K. president Jon Knauss cited 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.”

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, becomes a Huck master distributor and is now able to sell Huck components, repair or maintenance items, as well as tools and equipment. Field gains access to Huck brands such as Marson Fasteners and Tools, Recoil Products, Camloc, SNEP Products, Simmonds Products, Keyserts and Value Rivets.

Derry Enterprises credits its people-focused culture placing “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.”

“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.”

O.K. Fasteners is located at 815 Industrial Dr., Troy, IL 62294-2442.  Tel:  618 667-9983  Web:  OKFastenersInternational.com

Founded in 1976 by Dick Field, the Rockford area distributorship was acquired by Derry Enterprises in 1990 and built into a global distributor of fasteners and other small components to the OEM market by Bill Derry and Jim Derry.  Over the past 30 years, Field has averaged 19% annual growth rate and reached $100 million in sales for 2019.  In eight of the last 10 years Field has been recognized by Inc. Magazine as one of the fastest growing privately-held companies in America. Field has facilities in Texas, South Carolina, Mexico, Taiwan and is headquartered at 9883 N. Alpine Rd., McChesney Park, IL 61115-1681.  Tel: 815 637-9002  Web: FieldFastener.com