Kaman sells Canadian branches
Kaman Industrial Technologies Corporation has sold its seven Canadian branches to Wajax Industrial Components, a Canadian national industrial distributor.
“We are pleased that we were able to find a good home for our Canadian employees with the Wajax organization. We were sub-scale in Canada with limited opportunities to grow through acquisition. We have worked with Wajax in the past and we look forward to strengthening that relationship in the future,” stated Steve Smidler, president of KIT.
The operations divested by KIT had 2012 sales of approximately $20 million. Terms of the transaction were not disclosed.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
