G.L. Huyett Acquires Precision Specialties LLC
Minneapolis, Kansas – G.L. Huyett, an ISO 9001 certified manufacturer, master distributor, and importer of non-threaded fasteners and grease fittings, acquired Precision Specialties, LLC., Collierville, Tennessee.
On Monday, October 19, 2015, G.L. Huyett announced its acquisition of Collierville, TN, based Precision Specialties, LLC., a privately held fastener distributor.
G.L. Huyett’s CEO, Tim O’Keeffe, explained “This acquisition compliments G.L. Huyett’s strategy to grow our business exponentially through the addition of a broader customer base that includes Original Equipment Manufacturers (OEMs), an increased number of product lines and suppliers, and an extended footprint with a larger talent pool.”
Since 1981, Precision Specialties has distributed a diverse range of industrial and specialty fasteners for automotive, electrical, industrial, and safety industries across North America. In addition to their own brand of spring washers, wave washers, and belleville washers, Precision Specialties distributes AVK® threaded inserts, studs, and tools; Oetiker® connecting and mounting clamps, rings, straps, quick connectors, and tools; and A Raymond Tinnerman Palnut push-nuts, retainers, and plastic nylon fasteners.
“We feel this is a great opportunity to grow our operations as Precision Specialties’ proximity to Memphis, TN, provides greater accessibility to Northeast and Southern regions of the U.S.,” added O’Keeffe. “Precision Specialties is a good fit for G.L. Huyett as the company shares our commitment to excellence through superior quality and customer service while demonstrating strong values and integrity.”
Established in 1906 by Guy Huyett in the “other Minneapolis,” the company is one of the oldest continuously operating businesses in Kansas. Founded on the production and distribution of machinery bushings, in the 1990’s, entrepreneurial owners Tim and Carol O’Keeffe recognized huge potential in offering low order minimums, fast shipping, and expanding product offerings to a complete inventory of pins, retaining rings, grease fittings and accessories, bushings, washers, shims, shaft collars, assortments, and tools.
Contact Info
Zachary Schreiber
Advertising Manager
G.L. Huyett
785-392-1020
www.huyett.com
Â
