Kaman Corp., Bloomfield, CT, announced its subsidiary, Kaman Aerospace Group, Inc. has acquired Brookhouse Holdings, Ltd., manufacturer of composite aerostructures, aerospace tooling, and repair and overhaul services based in Darwen, Lancashire, England. The purchase price was 43 million pounds sterling (US$85.1 million) in cash.
The acquisition accelerates Kaman Aerospace's Aerostructures segment growth, as well as diversified its platform positions in military and commercial markets and in the higher-growth markets for composite structures.
Brookhouse had sales of $54.9 million for the fiscal year ended Sept. 30, 2007, has 450 employees at two sites and operates in three businesses units: Composites, Tooling and Aftermarket Services.
Sales to the military represent slightly more than half of Brookhouse's sales. Sales to OEMs represent two thirds of total sales, with aftermarket sales representing the remaining third.
Kaman Corp. focuses primarily on the aerospace and industrial distribution markets.