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2010 MDM Market Leaders: Top Industrial Distributors No. 16

Kaman Industrial Technologies

May 24, 2010
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Headquarters: Bloomfield, CT
2009 Revenues: $645 million
Change in Sales from 2008: -17%
Employees: 2,000 Locations: 200
Key Executives: President T. Jack Cahill

Kaman, a national distributor of power transmission and motion control products, has been active in M&A in the first half of 2010, acquiring Allied Bearings Company and motion control distributor Minarik. The distributor also expanded in Mexico. Neal J. Keating, president and CEO of Kaman Corp., said after the most recent quarter: "Revenue trends in our Industrial Distribution segment strengthened significantly during the quarter and were above our expectations, allowing us to achieve growth for the first time since 2008 despite facing the most difficult year-over-year comparison we will have this year. We also announced earlier this week the acquisition of Minarik Corporation, our largest Industrial Distribution acquisition to date, which combined with our recent acquisitions of Allied Bearings Supply and Fawick de Mexico, will expand our geographic footprint and increase our served market in this segment."

No. 17: FW Webb

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