In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
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'This achievement is a testament to B&D Industrial's dedication to quality, industry best practices, and exceptional bearing maintenance training,' the company said.
John Finnegan is expected to lead B&D’s emergent internet of things (IIoT) solutions after working more than 20 years at Rittal.
B&D says the acquisition “expands the company’s geographic reach and provides new services and support to customers throughout the U.S.”
CEO Andy Nations is retiring and will be replaced by three of the company’s third-generation family members — Brian Davis, Ben Nations and Lauren Lanter — as co-CEOS.
B&D Industrial, a founding member of AD Bearings and Power Transmission division, joins second division to enhance presence with industrial and safety product customers.
The ICD website will remain intact while operating under the B&D Industrial umbrella.
The division was created from the merger of two former divisions.
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The new branch in Fort Lauderdale is B&D’s first in south Florida.
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