6309 Monarch Park Place, Suite 203
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Kaman Industrial Technologies Corp., Bloomfield, CT, has sold its seven Canadian branches to Wajax Industrial Components, a Canadian national industrial distributor. Kaman’s sales in these branches in Canada were US$20 million.
Kaman is No. 17 on MDM’s list of the top 40 industrial distributors, and Wajax is No. 25.
“We are pleased that we were able to find a good home for our Canadian employees with the Wajax organization. We were sub-scale in Canada with limited opportunities to grow through acquisition. We have worked with Wajax in the past and we look forward to strengthening that relationship in the future,” said Steve Smidler, president of KIT.
Kaman has more than 230 locations in North America and five distribution centers in the following platforms: Electrical and Automation Control, MRO-Bearings and Power Transmission, and Fluid Power.
Wajax has 65 branches in Canada.