Kaman Industrial Technologies Corp. and Wajax Industrial Components (WIC) have formed an alliance to strengthen the services offered to customers in the United States, Canada, Mexico and Puerto Rico.
While Kaman and WIC will each remain separate and independent entities, they are joining together 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.
“Historically, customers looking for a [North American] supplier of power transmission and motion control products have had a limited choice” says Steve Smidler, Kaman’s President. “This alliance gives customers an alternative, and an opportunity to benefit from both companies’ value propositions.”
Under the alliance, North American customers can expect access to a large portfolio of products, services and technical expertise.
“We’re expecting more and more customers to make purchasing decisions on a global or international basis,” says Mark Foote, Wajax Corp.’s president and CEO. “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.”
