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Kaman Industrial Technologies Corp., Bloomfield, CT, and Wajax Industrial Components, a division of Wajax Corp., Quebec, Canada, have formed a strategic alliance, strengthening the services offered to customers that have business assets in the U.S., Canada, Mexico and Puerto Rico. The alliance will operate under the name Sourcepoint Industrial.
While Kaman and WIC will each remain as separate and independent entities, they will join forces to compete for business-to-business and supply agreements with customers in multiple jurisdictions, providing an alternative to country-based supply agreements.
“We’re expecting more and more customers to make purchasing decisions on a global or international basis,” says Mark Foote, Wajax Corp.’s president and CEO, referring to the business trends which led to the alliance. “Whereas Wajax is very good at satisfying a customer’s Canadian needs, and Kaman is very good at satisfying a customer’s U.S needs, on our own, we each have a limited ability to cover a customer’s needs across both countries. This alliance will provide customers with a viable option that has unique strengths on either side of the border.”
Under this alliance, North American customers can expect access to a large portfolio of products, services and technical expertise.
Kaman Industrial Technologies is No. 17 on MDM's list of top industrial distributors; Wajax Industrial Components is No. 25.