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The eBearing News
September 11, 2003
Kaman Acquires Industrial Supplies
copyright © 2003 eBearing Inc.
Kaman Industrial Technologies Inc. (USA, a subsidiary of Kaman Corp.), a major North American industrial
and aerospace product distributor,
will acquire privately-held Industrial Supplies Inc. (ISI; Alabama, USA).
Founded in 1946, ISI distributes bearings, power transmission and fluid power products to industrial
customers across the Southeast United States from five locations in Alabama and Florida.
ISI currently employs about 100 people and had 2002 sales of approximately $28 million.
Kaman Industrial Technologies is one of the largest U.S. distributors of bearings, power transmission
and motion control products. Stocking more than 1.5 million products, Kaman has 175 locations across
North America. 2002 sales were USD $881 million, with a net loss of $33.5 million.
Kaman President and CEO, Paul Kuhn, said, "The acquisition of this business expands our presence in the
increasingly important Southeast industrial market. With the addition of Birmingham, Kaman now serves
68 of the top 100 industrial markets in the United States, and it is our intent to grow this segment of
the company by expanding into additional areas that enhance our ability to compete for large regional
and national accounts."
Details of the acquisition were not revealed; it is expected to close during fourth quarter 2003.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2010, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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