Kaman Completes Acquisition of Parker Distributor Western Fluid Components, Inc.
Resource from: Kaman Corporation
21 Aug,2013
Kaman Corporation (NYSE:KAMN) Tuesday announced that its Distribution Segment (Kaman) has completed the acquisition of Western Fluid Components, Inc. (Western). With locations in Tacoma, Kirkland, Everett and Bellingham, Western is one of the largest fluid connector distributors in the state of Washington and a full-line distributor for Parker Hannifin’s Fluid Connector Group, including hydraulic, pneumatic and industrial hose, tubing, fittings and related accessories. The acquisition of Western further strengthens Kaman’s fluid power position in the Northwest. Terms of the sale were not disclosed.
Founded in 1975, Western, with annual sales of approximately $11 million, also provides hydraulic and industrial hose assemblies, custom kits and value-added services through its four Parker Store retail locations and sells to a wide variety of industries such as the marine, wood products, aerospace, agriculture, mobile equipment and industrial markets.
“The acquisition of Western, our third acquisition this year, advances our strategy to build a strong fluid power position. The combination of Western with Northwest Hose & Fittings, which Kaman acquired earlier this year, and our existing presence in the Northwest affords us significant growth opportunities and synergies. Western’s high focus on customer service makes them an ideal addition to the Kaman Distribution team,” said Steven J. Smidler, President of Kaman Distribution.
Neal J. Keating, Chairman, President and Chief Executive Officer of Kaman Corporation, added, “This is our third acquisition of a Parker distributor since we formalized our relationship with Parker in late 2011, making them our primary fluid power supplier. In that short time, we have grown our Parker store network to 17. We expect to remain active in building our distribution business and acquiring well run companies like Western Fluid Components that will help differentiate us from the competition and provide value added products and services to our customers.”
About Kaman Corporation
Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, 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. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Kaman also provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. Additionally, the company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. More information is available at www.kaman.com.
Founded in 1975, Western, with annual sales of approximately $11 million, also provides hydraulic and industrial hose assemblies, custom kits and value-added services through its four Parker Store retail locations and sells to a wide variety of industries such as the marine, wood products, aerospace, agriculture, mobile equipment and industrial markets.
“The acquisition of Western, our third acquisition this year, advances our strategy to build a strong fluid power position. The combination of Western with Northwest Hose & Fittings, which Kaman acquired earlier this year, and our existing presence in the Northwest affords us significant growth opportunities and synergies. Western’s high focus on customer service makes them an ideal addition to the Kaman Distribution team,” said Steven J. Smidler, President of Kaman Distribution.
Neal J. Keating, Chairman, President and Chief Executive Officer of Kaman Corporation, added, “This is our third acquisition of a Parker distributor since we formalized our relationship with Parker in late 2011, making them our primary fluid power supplier. In that short time, we have grown our Parker store network to 17. We expect to remain active in building our distribution business and acquiring well run companies like Western Fluid Components that will help differentiate us from the competition and provide value added products and services to our customers.”
About Kaman Corporation
Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, 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. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Kaman also provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. Additionally, the company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. More information is available at www.kaman.com.
(Kaman Corporation)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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