The 2020 Mid-Year Economic Update_long

Minarik Acquires Automation Technology

Acquisition fits with Kaman subsidiary's strategy to strengthen its automation and control position in the west.
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Kaman Industrial Technologies Corp., Windsor, CT, announced that its subsidiary, Minarik Corp., a national motion control distributor, has acquired the assets of Automation Technology Inc. with locations in Salt Lake City, UT, and Boise, ID.

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Automation Technology, focused on Intermountain and Pacific Northwest trading areas, increases Minarik’s position in those markets adding to its locations in Portland, Seattle and Denver.

“We are very pleased to be able to continue Minarik’s market expansion with the acquisition of Automation Technology. Their knowledge of the market and technical expertise, coupled with the resources of Minarik and Kaman will offer the Intermountain and Northwest markets superior products with unequalled application support and service,” said Andy Reid, Kaman’s Area VP, Minarik.

Steve Smidler, President of Kaman 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.”

The companies will retain their separate identities and trade names. The acquisition is Minarik’s seventh acquisition in just over 10 years.

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