Kaman to acquire Calkins Fluid Power.
AIRLINE INDUSTRY INFORMATION-(C)1997-2015 M2 COMMUNICATIONS
Kaman Corporation (NYSE: KAMN) said its Distribution Segment (Kaman) has signed a definitive agreement to acquire substantially all the assets of Calkins Fluid Power, Inc. (Calkins), a distributor of fluid power components and systems.
Terms of the sale were not disclosed.
Founded in the 1920s, Calkins is a full-line authorized distributor of Parker's mobile and industrial hydraulics, filtration and pneumatics products. Calkins also designs and integrates hydraulic power units and systems. Calkins operates out of Spokane, Washington and serves a variety of industries throughout Washington, Montana and Idaho. The company will become part of Kaman's fluid power platform.
Kaman, founded in 1945 and headquartered in Bloomfield, Connecticut, conducts business in the aerospace and industrial distribution markets. The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America.
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|Publication:||Airline Industry Information|
|Date:||Nov 9, 2015|
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