Wajax and Kaman form strategic alliance

Apr. 25, 2013 – Wajax Industrial Components and
Kaman Industrial Technologies Corporation of Bloomfield Conn., two of North
America’s leading industrial distributors announced that they have formed a
strategic alliance, strengthening the services offered to customers that have
business assets in the U.S., Canada, Mexico and Puerto Rico. While each of WIC
and Kaman will remain as separate and independent entities, they will join
forces to compete for business-to-business and supply agreements with customers
in multiple jurisdictions, providing an alternative to country-based supply
agreements. The alliance will operate under the name Sourcepoint Industrial.

“We’re expecting more and more customers to make purchasing decisions on a
global or international basis,” said Mark Foote, Wajax Corporation’s president
and CEO, referring to the business trends which led to the
alliance. “Whereas Wajax is very good at satisfying a customer’s Canadian
needs, and Kaman is very good at satisfying a customer’s U.S. needs, on our
own, we each have a limited ability to cover a customer’s needs across both
countries. This alliance will provide customers with a viable option that has
unique strengths on either side of the border.”

“Historically, North American customers have had a limited choice for suppliers
of their power transmission and motion-control products,” added Steve Smidler,
Kaman’s president. “This alliance gives customers an alternative, and an
opportunity to benefit from both companies’ value propositions.”

Related Links
www.wajax-industrial-components.ca
ec.kamandirect.com