The 2020 Mid-Year Economic Update_long

Kaman Industrial Technologies Buys Florida Bearings

Acquisition to diversify Kamans end market exposure.

Kaman Industrial Technologies Corp., No. 17 on MDM’s list of top industrial distributors and a subsidiary of Kaman Corp. (NYSE: KAMN), Bloomfield, CT, has acquired Florida Bearings, Inc., Miami, FL. Terms were not disclosed.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

Florida Bearings, founded in 1950, is a distributor of bearings, power transmission and pump products and value-add services such as predictive maintenance and motor, gearbox and pump repair to the water, wastewater, municipal, food and aggregate industries. The company has annual sales of approximately $20 million.

“This acquisition enables us to expand our geographic footprint, expand our product and service offerings and further diversify our end market exposure,” said Neal J. Keating, Kaman Corp. president and CEO.

Kaman Corp., founded in 1945, conducts business in the aerospace and industrial distribution markets, offering more than four million items including bearings and mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies. The company operates more than 200 customer service centers and five distribution centers in North America.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.