Kaman Corporation (NYSE: KAMN) said its Distribution Segment (Kaman) has signed a definitive agreement to acquire substantially all the assets of Calkins Fluid Power, Inc. (Calkins), a distributor of fluid power components and systems.
Terms of the sale were not disclosed.
Founded in the 1920s, Calkins is a full-line authorized distributor of Parker´s mobile and industrial hydraulics, filtration and pneumatics products. Calkins also designs and integrates hydraulic power units and systems. Calkins operates out of Spokane, Washington and serves a variety of industries throughout Washington, Montana and Idaho. The company will become part of Kaman´s fluid power platform.
Kaman, founded in 1945 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.