Kaman Corp., Bloomfield, CT, (Nasdaq: KAMN) has agreed to acquire Fawick de Mexico, S.A. de C. V. (Fawick) of Mexico City, Mexico. Fawick will become part of Delamac de Mexico, Kaman’s Industrial Distribution Mexican subsidiary.
Fawick, founded in 1965, is a distributor of fluid power and lubrication products, equipment and systems to a wide variety of industries throughout Mexico. In addition, Fawick offers services in pump maintenance, hydraulic and lubrication systems. The company has annual sales of $50 million pesos (US$3.9 million).
T. Jack Cahill, president of Kaman Industrial Technologies, said: "Fawick de Mexico provides a perfect product expansion to the bearings and power transmission platform we already have in Mexico. … We are very optimistic on the long-term prospects of the Mexican market, and the addition of this business is evidence of our continued interest in increasing our presence."
Kaman is a distributor of power transmission and motion control products in North America. It has nearly 200 branches, distribution centers and customer service centers in the U.S., Canada, Mexico and Puerto Rico.
