Kaman Corp has agreed to obtain Allied Bearings Supply Co. due to stronger exposure to exposure of oil gas and petrochemical industries…Kaman Corporation trades on the “NASDAQ” under the Stock Symbol”KAMN”. For the Latest information regarding “KAMN”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Kaman Corp. (NASDAQ:KAMN) agreed to purchase Allied Bearings Supply Co, a distributor of bearings, power transmission, material handling, and industrial supplies. Kaman, which is headquartered in Bloomfield, Conn., said the acquisition of Allied Bearing Supply Co. provides a strong position in Oklahoma and Arkansas and increases Kaman's exposure to the oil, gas and petrochemical industries.
About Kaman Corp:
Kaman Corporation, together with its subsidiaries, distributes industrial components. It offers various products and services, including bearings, mechanical and electrical power transmission, fluid power, motion control, and materials handling components. The company also engages in the production and sale of aircraft subassemblies and other parts consisting of metallic and composite detail parts, minor and major subassemblies, flight control surfaces, composite interiors and fuselage, and wing structures for commercial and military aircraft.
In addition, it manufactures products for military and commercial markets, primarily related to military safe, arm, and fuzing devices for various missile and bomb programs; precision non-contact measuring systems for industrial and scientific use; and memory systems for airborne, shipboard, and ground-based programs. Further, Kaman Corporation provides upgrades and support for its existing fleet, as well as performs subcontract work for other aerospace manufacturers.
Additionally, it manufactures self-lubricating bearings used in aircraft flight controls, turbine engines, and landing gear; power transmission couplings for helicopters and other applications; and custom designed and manufactured rolling element and self-lubricating bearings for aerospace applications. Kaman Corporation has operations in the United States, the United Kingdom, Canada, Australia, New Zealand, Mexico, and Germany. The company was founded in 1945 and is headquartered in Bloomfield, Connecticut
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