Kaman Corporation subsidiary, Kaman Industrial Technologies Corporation (KIT), completed its acquisition of Allied Bearings Supply Company (Allied) of Tulsa, Oklahoma. Allied is now part of KIT, Kaman’s Industrial Distribution Segment. Terms of the transaction were not disclosed.
Allied, founded in 1934, is a distributor of bearings, power transmission, material handling, and industrial supplies to such markets as the oil, gas, refinery, drilling equipment, steel, cement, paper, and food industries. In addition to Tulsa, the company also has branches in Oklahoma City, Pryor, Ponca City, Ardmore and, Muskogee, Oklahoma; Fort Smith, Arkansas; and Houston, Texas. The company had annual sales of approximately $22 million in the fiscal year ended October 31, 2009.
KIT is the third largest distributor of power transmission and motion control products in North America. The company operates nearly 200 branches, distribution centers and customer service centers across the U. S., Canada, Mexico, and Puerto Rico.
