|
KAMAN COMPLETES ACQUISITION OF INDUSTRIAL SUPPLY CORP.
(BLOOMFIELD,
Connecticut, April 1, 2008) -- Kaman Corp. (Nasdaq: KAMN) today
announced that its subsidiary, Kaman Industrial Technologies
Corporation (KIT) completed the previously announced acquisition of
Industrial Supply Corp. (ISC) of Richmond, Virginia on March 31,
2008, the first day of Kaman's second quarter. ISC is now a wholly
owned subsidiary of KIT, Kaman's Industrial Distribution segment.
ISC, founded in 1933, is a distributor of power transmission, fluid
power, material handling and industrial MRO supply products to such
diverse markets as ship building, printing, machinery,
transportation, electronics, pharmaceutical, rubber, chemicals and
food processing. In addition to its Richmond facility, ISC has five
branches located in Norfolk, Roanoke and Waynesboro, Virginia, and
in Wilson and High Point, North Carolina. The company has annual
sales of approximately $55 million.
Kaman is the third largest distributor of power transmission and
motion control products in North America. The company operates
nearly 200 branches, distribution centers and customer service
centers across the U. S., Canada and Mexico. It offers approximately
three million items as well as value-added services to a base of
about 50,000 customers representing a highly diversified cross
section of North American industry.
Kaman Corp., headquartered in Bloomfield, Connecticut, conducts
business in the aerospace and industrial distribution markets.
###
Contact:
Eric B. Remington
Vice President, Investor Relations of Kaman Corp.
(860) 243-6334
eric.remington@kaman.com
|