BIRMINGHAM, Ala.—For the multi-billion-dollar Motion Industries, any potential acquisition—and there have been many to begin the year for companies in the rubber and fluid power world—must have three essential ingredients if it is to come to fruition.
Such was the case for Bloomfield, Conn.-based Kaman Distribution Group, purchased Jan. 3 for $1.3 billion by Motion, as KDG was deemed to be beneficial, align strategically and fit culturally with Motion's mission.
"Anytime we consider an acquisition, we look at three critical issues that must be met, no matter the business size. (And) KDG has many talented people that will be great additions to the Motion team," Randy Breaux, president of Motion Industries, told Rubber News in a March 4 email. "Our culture at Motion is void of arrogance, bureaucracy and complacency. Also, we believe in being fair, ethical, inclusive and invested across the whole business with our team members, customers, supplier partners and stakeholders."