Kaman Corp. (USA; NASDAQ: KAMN; 5251R9N7) announced its Kaman Industrial Technologies distribution division has acquired Allied Bearings Supply.

Founded 1934, Allied distributes bearings, power transmission equipment, material handling and industrial supplies to the oil, gas, refinery, drilling equipment, steel, cement, paper, and food industries. Annual sales are in the neighborhood of USD $22 million.

Allied's headquarters are in Tulsa, Oklahoma. The company has branch locations in Oklahoma City, Pryor, Ponca City, Ardmore and Muskogee, Oklahoma; Fort Smith, Arkansas; and Houston, Texas.

Kaman is North America's third-largest distributor of bearings and power transmission products. Kaman Industrial Technologies carries almost 3 million SKUs in 200 branches, DCs and customer service centers across the U. S., Canada and Mexico. KIT also offers a variety of value-added services. The company's other business unit, Aerospace, is a key player in airframe components aerospace component supply markets, including specialty bearings.

T. Jack Cahill, Kaman Industrial Technologies President, said: "We are very pleased to welcome the Allied Bearings team to our Kaman Industrial Technologies family. Over their seventy-six year history they have developed a reputation for technical excellence and exceptional customer service which makes for a great cultural fit with KIT. This acquisition reinforces our stated commitment to balance organic growth with strategic acquisitions that help us to increase our scale and fill out our geographic footprint. The acquisition of Allied provides a strong position in Oklahoma and Arkansas and increases our exposure to the oil, gas and petrochemical industries. Most importantly Allied has a great reputation, strong customer relationships and a terrific group of dedicated employees that will integrate well with the Kaman family."