Kaman to acquire Timken Alcor Aerospace Technologies

Kaman reported that its Aerospace segment has entered into an agreement to acquire Timken Alcor Aerospace Technologies, Inc. (TAAT) of Mesa, Arizona. TAAT designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America. Important factors in Kaman’s decision to acquire TAAT from The Timken Company include organic growth opportunities, the robust quality system, engineering expertise, and strong relationships with engine MROs and fleet operators of both helicopters and fixed wing aircraft. Kaman expects TAAT to achieve further growth through Kaman’s strong sales channels with a global reach. The organization will become part of Kaman’s Specialty Bearings & Engineered Products division, led by Robert Paterson. TAAT has annual sales of approximately US$20m.