Kaman Industrial Technologies acquires Allied Bearings Supply
Kaman Industrial Technologies (KIT) Corp., which has distribution centres across Canada, has completed the acquisition of U.S.-based Allied Bearings Supply Co. 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.
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 Canada, the U.S., Mexico and Puerto Rico.