The 2020 Mid-Year Economic Update_long

Kaman to Acquire German Bearing Manufacturer

Acquisition of GRW Bearing adds scale, new market segments for Kaman's Aerospace division.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, has agreed to acquire GRW Bearing GmbH, a German-based manufacturer of miniature ball bearings, through its Aerospace segment. Terms were not disclosed. The company is expected to have sales in 2015 of €48 million (US$51.6 million).

“GRW will be a great addition to our specialty bearing and engineered products lines, and adds additional scale and new market segments to our most profitable product lines," said Kaman President and CEO Neal Keating. "The businesses are aligned through a focus on solving the critical problems of OEM customers and achieving the highest standards of performance in the most demanding applications."

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