CONTENT PREVIEW
Industry

Kaman to buy Bal Seal Engineering

12 December 2019
Follow

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.

Want to read more? For analysis on this article and access to Jane's unrivalled data and insight, learn more about our subscription options at janes.com/products





(125 of 252 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT