Purchase increases company's portfolio of mechanical power transmission products.
Latest In Power Transmission/Motion Control/Fluid Power
Headquarters will remain in Stuttgart, Germany.
Acquisition to serve greater Detroit area.
Overall Kaman sales increased 3.4 percent in the first quarter.
National Oilwell Varco, NOW Inc. also report positive outlook for activity, but remain cautious.
Profit decreases 10.2 percent during the quarter.
CEO: Company adding "seasoned executives" to leadership team.
Acquisition strengthens OTC's position in northern Ohio.
Process industries sales for the quarter increased 6.6 percent.
The company will become part of Atlas' specialty rental division.
The business will continue to be part of the Semiconductor division.
Purchase increases company's portfolio of bearings and mechanical power transmission products.
