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Kaman Corporation signed a definitive agreement to acquire Parker-Hannifin's Aircraft Wheel & Brake division for $440 million, subject to working capital adjustment and regulatory approvals. The division operates from one facility in Avon, Ohio.
Kaman Corporation agreed to acquire Bal Seal Engineering, a maker of precision springs, seals and contacts, for $330 million in cash. Bal Seal expects about $95 million in revenue for 2019.
Kaman Corporation sold its industrial distribution business to Littlejohn & Co. for $700 million in Q3 2019, to focus on its aerospace business. The deal is reported in a fluid handling industry M&A roundup.
Kaman Corporation agreed to sell its industrial distribution business to Little John & Co. for $700 million, to focus on its aerospace operations. The deal was reported in a 2019 review of pump and valve sector M&A.
