Kaman Sign Definitive Agreement To Acquire Ohio Gear & Transmission

(RTTNews) - Kaman Corp. (KAMN) announced that its Distribution Segment has signed a definitive agreement to acquire substantially all the assets of Ohio Gear & Transmission of Eastlake, Ohio. Ohio Gear & Transmission will become part of Kaman's Distribution segment.

The company said the transaction is expected to close by the end of July.

Giving a brief description on Ohio Gear & Transmission, Kaman stated that it is a distributor of mechanical power transmission equipment, bearings & electric automation systems as well as a designer and fabricator of specialized gearing products to industries, such as food, packaging, material handling, and general machinery.