DAILY NEWS Jan 8, 2013 3:00 PM - 0 comments

Consolidation in industrial distribution continues as Wajax acquires Kaman's Canadian branches

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2013-01-08

Montreal - Wajax Industrial Components has acquired the Canadian branches of Kaman Industrial Technologies Ltd. (Kaman Canada). The acquisition includes six locations in British Columbia (Greater Vancouver, Cranbrook, Terrace, Prince George, Sparwood and Surrey) and one in Mississauga, ON.

Wajax Industrial Components now operates a total of 65 branches, including 13 certified service and repair centres across Canada.

As a result of the acquisition, Wajax Industrial Components welcomes as new employees the experienced members of the Kaman Canada team. “The bearing and power transmission expertise gained from the Kaman employees will play an important role as we further enhance our capabilities and footprint to better serve customers in British Columbia and Southern Ontario,” said Russell Grant, vice-president, industrial distribution, Wajax Industrial Components.

“This acquisition aligns with our strategy of growing all of our lines of business -- bearings and power transmission, hydraulics, and process equipment -- across Canada. We are continually looking for opportunities to expand our geographic coverage,” said Adrian Trotman, president, Wajax Industrial Components.

“We welcome Kaman Canada to the Wajax Industrial Components family and look forward to their contribution in growing our business in Canada,” Trotman added.

Wajax Industrial Components is a wholly owned division of Wajax Corporation, an industrial distributor. Wajax is a Canadian business which has been in operation for 154 years. Its common shares are listed and traded on the Toronto Stock Exchange under the symbol “WJX”.

Wajax Industrial Components now employs more than 750 people, and represents such industrial MRO brands as SKF, Schaeffler Canada, Timken, Renold, Emerson Power Transmission, Martin Sprocket, Rexnord, Eaton, Parker Hannifin, Moyno, Cuno and Honeywell. As well, globally sourced commodity products are available under the National and Hy-Spec private label brand names.

Wajax Industrial Components also operates 13 certified service and repair centres across Canada. Specialized engineers and technicians deliver value-added services such as design and fabrication, equipment selection, failure analysis, on-site support and reverse engineering. Clients come from sectors as diverse as mining and aggregates, oil and gas, primary metals, forestry, utilities, and construction, to name a few.

More information is available at www.wajaxindustrial.com.

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