Kaman completes Allied Bearings Supply acquisition
Kaman Industrial Technologies Corporation has completed the previously announced acquisition of Allied Bearings Supply Company (Allied) of Tulsa, Oklahoma.
The transaction closed earlier today, and Allied is now part of Kaman'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, Okla.; Fort Smith, Ark.; and Houston, Texas. The company had annual sales of approximately $22 million in the fiscal year ended October 31, 2009.
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.
