Kaman Industrial Technologies acquires distributor in Puerto Rico

Acquisition expands geographic footprint

By Susan Avery -- Purchasing, 10/9/2008 7:30:00 AM

Kaman Industrial Technologies Corp. has acquired Industrial Rubber and Mechanics Inc. of Puerto Rico. The transaction was completed on Oct. 3.

INRUMEC, founded in 1963, is a distributor of fluid power products; industrial and hydraulic hoses; belting and conveyor systems; pipe, tube, fittings and valves and packaging machinery to such diverse industries as food, beverage, pharmaceutical, cement and aggregate. The company also is a manufacturer of hydraulic hose assemblies for similar applications.

INRUMEC has a branch and regional distribution facility in Gurabo as well as branches located in Bayamón, Ponce and Mayaguez. The company has annual sales of $13 million. 

“INRUMEC is a great addition to Kaman and provides further evidence of our ability to execute our corporate strategy of accelerating the growth of KIT by expanding our geographic footprint to serve our customers wherever they operate in North America,” says Neal J. Keating, chairman, president and CEO of Kaman Corp in Bloomfield, Conn.

“It also adds to our existing fluid power capabilities,” he says. “In addition, this acquisition also enables us to serve both new and existing national account customers without the need for significant investment in greenfield branch openings.”

Kaman Industrial Technologies is a subsidiary of Kaman Corp.