Kaman Corp. has entered into an agreement to purchase fellow aircraft parts maker Bal Seal Engineering for USD330 million in cash.
Kaman said the acquisition will expand its product offerings, increase its exposure to high-growth markets, and boost its cash flow and profitability. Both companies are based in the US and conduct business across the globe.
The transaction will also give Bal Seal access to the resources of a larger company. Kaman had net sales of USD523.8 million in the first nine months of 2019, while Bal Seal expects to have revenue of about USD95 million for the full year.
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