Kaman To Buy Bal Seal Engineering - Quick Facts

(RTTNews) - Kaman Corp. (KAMN) has agreed to acquire Bal Seal Engineering, Inc. for $330 million. Bal Seal specializes in delivering critical components to customers in the medical technology, aerospace and defense, and industrial end markets. It designs and manufactures precision springs, seals, and contacts.

"Following the recent sale of our distribution business, Kaman's strategic focus has centered on growing our highly engineered products business, enhancing margins, and driving free cash flow generation. This complementary acquisition of Bal Seal will advance all three objectives," said Neal Keating, CEO.

Kaman Corp. expects the acquisition to be accretive to cash flow in the first year following the close of the transaction.