Kaman Corp. sales were up 16 percent in the quarter.
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Latest In Kaman
The step furthers Kaman Aerospace Groups vision of providing customers with a complete aerosystem solution.
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Kaman’s acquisition of Zeller, an $80M distributor, expands its reach in electrical and automation components.
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Organic growth was 2 percent for Kaman’s distribution segment.
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The project is expected to take several years to implement at a cost of $40 million-$45 million.
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Acquisition to diversify Kamans end market exposure.
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The new company will be known as Kineco Kaman Composites – India.
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Industrial Distribution segment sales increased 7.9 percent in the quarter.
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Industrial Distribution segment sales increased 14.3% in 2011.
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Ahlfinger previously served as chief marketing officer at Flowserve Corp.
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With acquisition, Parker Hannifin recognizes Kaman as a reseller of Parker hydraulics, fluid connector & automation products.
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Move to Kaman’s corporate campus offers more collaboration opportunities for the company.
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Kaman’s Aerospace Group to acquire Vermont Composites.
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Plains Bearing Corp., Lubbock, TX, expands KIT’s presence in west Texas.
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Target sales are expected to reach $19 million in 2012.
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Market strength was broad-based across most geographies, customers and end-markets for Kaman.
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Industrial distribution segment sales increased 33.3 percent in the quarter.
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Acquisition fits with Kaman subsidiary’s strategy to strengthen its automation and control position in the west.
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Industrial Distribution segment sales grew 46 percent in the fourth quarter.
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Global is now part of Kaman Aerospace Group.
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