Kaman Acquires Industrial Rubber and Mechanics

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October 7, 2008

Kaman Acquires Industrial Rubber and Mechanics

The subsidiary of Kaman Corp., Bloomfield, CT, Kaman Industrial Technologies Corp., has acquired Industrial Rubber and Mechanics, Inc. of Puerto Rico. INRUMEC will become part of Kaman's industrial distribution segment.

INRUMEC is a distributor of fluid power products; industrial and hydraulic hoses; belting and conveyer systems; pipe, tube, fittings and valves; and packaging machinery to such diverse markets as food, beverage, pharmaceutical, cement and aggregate. The company is also a manufacturer of hydraulic hose assemblies for the same end markets. INRUMEC has a branch and regional distribution facility in Gurabo as well as branches located in Bayamon, Ponce and Mayaguez. The company has annual sales of $13 million.

Neal J. Keating, CEO of Kaman Corp., said: "This acquisition also enables us to serve both new and existing national account customers without the need for significant investment in greenfield branch openings."

Keating added, "Despite the current difficult economic environment and turmoil in the capital markets Kaman is well capitalized and positioned to invest in our businesses for the long-term."

Kaman is a 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.

Kaman Corp. conducts business in the aerospace and industrial distribution markets.

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