Kaman Industrial acquires Target Electronic
Kaman Industrial Technologies has acquired the assets of Target Electronic Supply Inc., of Westwood, Mass.
Target, a motion control distributor in the New England trading area, increases Kaman's position in those markets and will become part of Kaman's Minarik subsidiary.
"The acquisition of Target strengthens our motion control footprint in the New England area. With over 30 years of experience in the marketplace and their capability to provide engineered solutions, Target nicely complements the resources of Minarik and Kaman to offer the Northeastern markets superior motion, automation, and power transmission products and systems with unequalled application support and service," said Andy Reid, Kaman's area vice president, Minarik.
Steve Smidler, president of Kaman said, "Target is a strong engineering and customer focused organization which, combined with the power transmission presence of Kaman and automation strength of Minarik, creates an organization that is able to solve a wide variety of applications with multiple technologies that give our customers a competitive edge. Target fits nicely with our recent acquisitions of Minarik and Automation Technology and is continued execution of our overall expansion strategy to further increase our already national automation and motion control footprint."
Target, with locations in Massachusetts, Connecticut and New Hampshire, has 17 employees. Kaman expects Target to have sales in 2012 of approximately $19 million.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GME Supply. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Howard Coleman, as well as interviews with numerous product and distribution industry experts.
