BLOOMFIELD, Conn., April 1, 2008 /PRNewswire-FirstCall/ -- 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.
SOURCE Kaman Corp.
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Related links:
http://www.kaman.com
http://www.prnewswire.com/comp/480450.html /
CONTACT:
Eric B. Remington, Vice President, Investor
Relations of Kaman Corp., +1-860-243-6334,
eric.remington@kaman.com
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