6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
ISI, founded in 1946, is a distributor of a wide variety of bearing, conveyor, electrical, fluid power and power transmission components used by manufacturing, mining, steel, lumber, pulp and paper, food and other industries. In addition to its Birmingham facilities, ISI has branches in Montgomery, Decatur and Muscle Shoals, AL, and in Pensacola, FL.
Paul R. Kuhn, chairman, president and CEO of Kaman Corp., 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."
"Kaman is one of the few very strong players in this highly competitive business, and has the financial resources and management systems needed to grow and prosper," said Lathrop Smith, president of ISI. "Joining with them is in the best interests of ISI's employees, customers and stockholders." Smith, who has 39 years service with ISI, has agreed to stay with Kaman to ensure a smooth integration of ISI.
Kaman is one of the largest U. S. distributors of bearings, power transmission, and motion control products, distributing more than 1.5 million products to over 50,000 customers from 175 locations in North America.