Kaman Corp. (NYSE: KAMN), Bloomfield, CT, has agreed to acquire Timken Alcor Aerospace Technologies Inc., Mesa, AZ, from The Timken Co. Terms were not disclosed.
TAAT designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MRO) in aerospace markets primarily located in North America. The company has annual sales of $20 million.
"This is a solid company that nicely complements the aftermarket business of our Specialty Bearings & Engineered Products division," said Greg Steiner, president of Kaman Aerospace Group. "TAAT has demonstrated consistent financial performance and offers engineered products that are adjacent and complementary to Kaman’s current offerings.”