The 2020 Mid-Year Economic Update_long

Kaman to Shed Music Business

Kaman Corp., Bloomfield, CT, is sharpening its focus on the aerospace and industrial distribution segments by selling its wholly owned subsidiary Kaman Music Corp. to Fender Musical Instruments Corp., Scottsdale, AZ, for $117 million in cash.
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KMC, which comprises the company's entire Music segment, owns Ovation Guitars, LP and Toca hand percussion products, Gibraltar Hardware, Genz Benz Amplification, Hamer Guitars, and is the U.S. sales representative for Sabian Cymbals, and worldwide distributor of Takamine Guitars and Gretsch Drums. &nbsp ;
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Privately held Fender is an electric guitar manufacturer. In addition to owning the world-renowned Fender brand name, FMIC also owns Guild guitars, Charvel Guitars, Jackson Guitars, SWR Bass Amplification, Tacoma ...

Kaman Corp., Bloomfield, CT, is sharpening its focus on the aerospace and industrial distribution segments by selling its wholly owned subsidiary Kaman Music Corp. to Fender Musical Instruments Corp., Scottsdale, AZ, for $117 million in cash.
&nbsp ;
KMC, which comprises the company’s entire Music segment, owns Ovation Guitars, LP and Toca hand percussion products, Gibraltar Hardware, Genz Benz Amplification, Hamer Guitars, and is the U.S. sales representative for Sabian Cymbals, and worldwide distributor of Takamine Guitars and Gretsch Drums. &nbsp ;
&nbsp ;
Privately held Fender is an electric guitar manufacturer. In addition to owning the world-renowned Fender brand name, FMIC also owns Guild guitars, Charvel Guitars, Jackson Guitars, SWR Bass Amplification, Tacoma Guitars, EVH products, and is the exclusive worldwide distributor of Gretsch Guitars.

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