Kaman acquires Allied Bearings Supply
Bloomfield, CT -- Kaman Industrial Technologies Corp. has completed the acquisition of Allied Bearings Supply ...
Bloomfield, CT — Kaman Industrial Technologies Corp. has completed the acquisition of Allied Bearings Supply Co. of Tulsa, OK. Allied is now part of KIT, Kaman Corp.’s industrial distribution segment. Terms of the transaction were not disclosed.
Allied, founded in 1934, is a distributor of bearings, power transmission, material handling, and industrial supplies to such diverse markets as the oil, gas, refinery, drilling equipment, steel, cement, paper and food industries. In addition to Tulsa, the company also has branches in Oklahoma City, Pryor, Ponca City, Ardmore and, Muskogee, OK; Fort Smith, AK; and Houston, TX. The company had annual sales of approximately US$22 million in the fiscal year ended October 31, 2009.
KIT is the third largest distributor of power transmission and motion control products in North America. The company operates nearly 200 branches, distribution centres and customer service centres across the US, Canada, Mexico and Puerto Rico.