View the latest Kaman news
Headquarters: Windsor, CT
2010 Revenues: $831 million
Change in Sales from 2009: 28.88%
Employees: 4269 (total for Kaman Corp.)
Locations: 200 (distribution facilities)
2010 Acquisitions: Minarik Corp.; Allied Bearings Supply Co.; Fawick de Mexico
Key Executives: President Steven Smidler
Kaman, a national distributor of power transmission and motion control products, continues to be active in M&A. Kaman Industrial Technologies is part of Kaman Corp. New Kaman President Steven Smidler in a late 2010 interview with MDM said that he was optimistic about 2011. "Of the suppliers that I’ve talked to, most people are talking into the 8 to 10 percent growth ranges going into 2011. If that were to occur in a relatively steady fashion, most of us would be pleased." Kaman has been active on the acquisition front, growing in PT/bearings, motion control, fluid power and industrial supplies. After Kaman subsidiary Minarik acquired Automation Technology in April 2011, he said: “The synergistic opportunity of combining Automation Technology’s technological strength in OEM markets with Kaman’s leadership position in power transmission and MRO markets, allows us to offer all customers in the area a value proposition unlike any other supplier in the market place. Automation Technology fits nicely with our acquisition last year of Minarik and is part of our overall expansion strategy to further increase our already national automation and control footprint.”
No. 16: Wurth - North America
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