Kaman Corp. will acquire the assets of Zeller Corp. by its subsidiary Kaman Industrial Technologies Corp. (KIT). The acquisition is expected to close in the third quarter. Terms of the transaction were not disclosed.
Zeller is a value-added distributor of
electrical and automation components and solutions, including motion control, programmable logic controller-based automation, machine vision,
electrical controls and power distribution products. A premier Schneider Electric distribution
partner, Zeller also represents other quality manufacturers including Kollmorgen,
Phoenix Contact, Rittal and Sick. Zeller employs 240 people, including 60
degreed engineers, and has operations in Rochester, Syracuse and Buffalo, N.Y.; Foxboro, Mass.; and Winston-Salem, N.C. Zeller expects
full-year 2012 sales of about $80 million.
"The acquisition
of Zeller Corp. is a very exciting addition for Kaman and our KIT
distribution business – it extends and expands our automation and motion
control product segment to include electrical controls and power distribution," says Neal J. Keating, chairman, president
and CEO of Kaman Corp. "Further, it demonstrates our commitment to
growing our distribution network, enhancing our value-add solutions
capabilities, and complementing our strong mechanical and fluid power product
platforms. We are also excited to welcome
the strong management team and workforce at Zeller, led by Gary Haseley to the
Kaman family. The Zeller team will enhance our ability to serve our customers
and will bring a number of new tools and capabilities to the Kaman
organization."
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