Overall, Kaman sales were up 6 percent in the quarter.
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Tribby Warfield will manage the fluid power platform of Kaman Distribution.
Overall, Kaman's sales grew 6.7 percent in the quarter.
In late February, Bloomfield, CT-based Kaman announced an agreement to acquire fluid power distributor B.W. Rogers, Akron, OH. Steve Smidler, president of the Kaman Distribution Group, recently spoke with MDM about the reasons for the acquisition and plans for integrating the distributor into Kaman’s business.
This article includes:
- How acquisition deepens the Parker relationship
- How acquisition will expand Kaman's end-market reach
- How Kaman will integrate B.W. Rogers
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- MDM Interview: Kaman's Expansion Strategy
- Applied Industrial: Fluid Power a Growth Area for Distributor
- Special Report: The Industrial Vending Boom
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Kaman's presence in energy and automotive currently "negligible."
The acquisition significantly expands Kaman's footprint in both fluid power and automation.
Acquisitions contributed $17.8 million to results for the segment.
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Private equity continues to play a big role in distribution M&A in 2013.
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Western is a full-line distributor for Parker Hannifins fluid connector group.
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Operating income for the distributor decreased 3.5 percent.
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The acquisition will provide Kaman entry into the Cleveland market.
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A summary of mergers & acquisitions in the wholesale distribution industry.
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Northwest serves the metals, agricultural, industrial machinery and equipment industries.
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Sales for Kaman Corp. also increased slightly.
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Starr will replace William C. Denninger upon his retirement.
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Total 2012 sales for Kaman increased 7.8 percent over 2011.
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The alliance will operate under the name Sourcepoint Industrial to serve cross-border customers in North America.
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Kaman’s seven branches in Canada had US$20M in annual sales.
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Kaman will become a distributor for Schneider’s industrial automation and control products.
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