June 12, 2008 - Modern Distribution Management

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June 12, 2008

Kaman Acquires Brookhouse Holdings

Companies, Free, News, Subscriber Only, Top Distributor Sectors /

Kaman Corp., Bloomfield, CT, announced its subsidiary, Kaman Aerospace Group, Inc. has acquired Brookhouse Holdings, Ltd., manufacturer of composite aerostructures, aerospace tooling, and repair and overhaul services based in Darwen, Lancashire, England. The purchase price was 43 million pounds sterling (US$85.1 million) in cash.
 
The acquisition accelerates Kaman Aerospace’s Aerostructures segment growth, as well as diversified its platform positions in military and commercial markets and in the higher-growth markets for composite structures.
 
Brookhouse had sales of $54.9 million for the fiscal year ended Sept. 30, 2007, has 450 employees at two sites and operates in three businesses units: Composites, Tooling and Aftermarket Services.
 
Sales to …

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Stanley Works Agrees to Sell Laser Leveling Unit to Robert Bosch Tool

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors /

The Stanley Works, New Britain, CT, has agreed to sell its CST/berger laser leveling and measuring business, West Lafayette, IN, to Robert Bosch Tool Corp. for $205 million. This operation had 2007 revenues of $80 million (excluding certain European sales of $10 million), primarily in North American construction-related markets.
 
The company has also agreed to buy Sonitrol Corp. from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners as well as selected members of Sonitrol management for $275 million cash (10x EBITDA).
 
Sonitrol, Berwyn, PA, provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national …

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Corporate Express to Recommend Sale to Staples

Finance, Free, Mergers & Acquisitions, News, Operations, Paper Products & Packaging Distribution, Subscriber Only, Top Distributor Sectors /

Corporate Express NV, supplier of office products, will recommend to its shareholders they accept an increased cash offer from Staples Inc. to buy the company. Staples has offered €9.25 a share, compared with previous offers of €7.25 and €8.00. At current exchange rates, the offer values Corporate Express at about US$4.8 billion.
 
Together, the companies -one primarily a distributor and the other a retailer -will serve customers in 28 countries and have annual revenues about more than €18 billion (US$27 …

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