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Vater Percussion is a US manufacturer based in Holbrook, Massachusetts. The company has always focused on percussion instruments, producing drum sticks, brushes and mallets.
Unlike the traditional wing nut, the Slick Nut doesn't need to be threaded on or off and won't loosen or fall off while you play. Simply hold in the fastening button, put Slick Nut on cymbal stand to desired tightness and release button.
It was founded by Jack Adams, and is now run by his two grandsons Ron and Alan Vater. Although the company began producing sticks in 1956, it did not officially become "Vater Percussion" until 1991.