Kaman Distribution Group, the distribution segment of Kaman Corp. (NYSE: KAMN), Bloomfield, CT, has agreed to acquire substantially all the operating assets of B.W. Rogers Company, Akron, OH. B.W. Rogers is a broad line distributor of fluid power products, including hydraulic hoses, fittings, pumps, motors, cylinders, valves, pneumatics, machine control and automation products.
The acquisition significantly expands Kaman’s footprint in both fluid power and automation.
B.W. Rogers is one of largest distributors of Parker Hannifin motion and control products and operates from 21 locations in seven states, including 20 authorized Parker locations, which contain 12 ParkerStores.
The transaction excludes operating assets and associated liabilities relating to the sale of certain products, tools, equipment, supplies, accessories and components to the automotive industry, which will continue to be owned and operated by B.W. Rogers. During 2013, B.W. Rogers had sales of approximately $113 million, approximately $12.5 million of which were attributable to the excluded assets.
“The commitment to service, technical expertise, system design and support complements our strategy perfectly," said Steve Smidler, president of Kaman's distribution segment. "This acquisition also provides Kaman new industry exposure in the automotive and energy sectors."
The acquisition is "highly contiguous" with Kaman's prior acquisitions of Catching Fluidpower and Zeller and creates one of the largest networks of ParkerStores with 30 locations across the U.S. and Puerto Rico, Smidler said.