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January 05, 2022 11:51 AM

Motion Industries buys distribution group in $1.3 billion mega deal

Rubber News Staff
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    Motion Industries headquarters
    Motion Industries Inc.
    Motion Industries Inc. acquired Kaman Distribution Group in a "transformative" mega deal that it says will boost its presence in core industrial products and technical automation spaces.

    BIRMINGHAM, Ala.—'Tis the season for mergers and acquisitions.

    Continuing the buying trend that pervaded 2021 and now greets those in the rubber product space in 2022, Motion Industries Inc. has acquired Kaman Distribution Group for $1.3 billion.

    The deal closed Jan. 3, according to Motion Industries, a distributor of more than 10 million items across a range of industries, with more than $6 billion in annual sales.

    Motion said the acquisition of the Bloomfield, Conn.-based KDG will boost its presence in core industrial products and in technical automation spaces, such as precision engineering.

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    "It's a very exciting time. This transformative move will be highly beneficial to everyone involved, especially for customers of our combined entities," said Motion Industries President Randy Breaux. "Our customer service will be the best it's ever been with deepened and expanded capabilities."

    Breaux added that the 1,700-employee KDG shares similar cultural beliefs, principles and ambitions as Birmingham-based Motion Industries.

    "We look forward to welcoming the highly-talented KDG associates to the Motion team," he said.

    Across more than 600 North American hubs and another 150 in the Asia-Pacific region, Motion distributes name-brand bearings; mechanical power transmission products; electrical and industrial automation components; hose, belting, and gaskets; hydraulic and pneumatic components; process pumps; industrial and safety products; seals and accessories; and material handling products and solutions.

    The company employs about 9,000 across the globe and is a wholly owned subsidiary of Genuine Parts Co.

    KDG has about 220 North American locations, providing electro-mechanical products, bearings, power transmission, motion control, and electrical and fluid power components to MRO and OEM customers.

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