0000054381-11-000050.txt : 20111219 0000054381-11-000050.hdr.sgml : 20111219 20111219162439 ACCESSION NUMBER: 0000054381-11-000050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111219 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111219 DATE AS OF CHANGE: 20111219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAMAN CORP CENTRAL INDEX KEY: 0000054381 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 060613548 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01093 FILM NUMBER: 111269471 BUSINESS ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 BUSINESS PHONE: 8602437100 MAIL ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 FORMER COMPANY: FORMER CONFORMED NAME: KAMAN AIRCRAFT CORP DATE OF NAME CHANGE: 19680403 8-K 1 form8-k.htm KAMAN CORPORATION FORM 8-K form8-k.htm  


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): December 19, 2011(December 15, 2011)


Kaman Corporation
(Exact Name of Registrant as Specified in Its Charter)


Connecticut
(State or Other Jurisdiction of Incorporation)

0-1093
 
06-0613548
(Commission File Number)
 
(IRS Employer Identification No.)
     
1332 Blue Hills Avenue, Bloomfield, Connecticut
 
06002
(Address of Principal Executive Offices)
 
(Zip Code)

(860) 243-7100
(Registrant's Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
1

 


Item 8.01  Other Events.

On December 19, 2011, the company announced that its subsidiary, Kaman Industrial Technologies Corporation, has acquired the business of Catching FluidPower, Inc.  Catching is a leading distributor of fluid power products based in Bolingbrook, Illinois.  Please see the press release attached as Exhibit 99.1 dated December 19, 2011 regarding the transaction.
 

 
Item 9.01  Financial Statements and Exhibits.

(c) Exhibits.
 
    Exhibit 99.1
Press Release of the Company dated December 19, 2011


 
2

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
KAMAN CORPORATION
     
     
     
     
 
By:
/s/ Candace A. Clark
   
Candace A. Clark
   
Senior Vice President,
   
Chief Legal Officer and Secretary

Date: December 19, 2011




 
3

 

KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit
Description
 
 
Exhibit 99.1
 
Press release dated December 19, 2011.
Attached


 
4

 

EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm  



Kaman Corporation
Bloomfield, CT 06002
(860) 243-7100
 
 NEWS
     
     
 

 
KAMAN INDUSTRIAL TECHNOLOGIES ACQUIRES CATCHING FLUIDPOWER AND ANNOUNCES PARKER NATIONAL RESELLER AGREEMENT
 
Bloomfield, Connecticut (December 19, 2011) – Kaman Corporation (NASDAQ-GS: KAMN) today announced that its subsidiary, Kaman Industrial Technologies Corporation (“Kaman”), has acquired the business of Catching FluidPower, Inc. (“Catching”), a leading distributor of fluid power products based in Bolingbrook, IL.  In conjunction with the acquisition, Parker Hannifin Corporation (“Parker”) has recognized Kaman nationally as a value-added reseller of Parker hydraulics, fluid connector and automation products.

Catching FluidPower

Founded in 1954, Catching is expected to generate sales of $43 million in 2011, and has approximately 90 employees.  Catching is one of Parker’s premier tri-motion distributors and covers a wide variety of product technologies including: hydraulic and pneumatic pumps, motors, valves, cylinders, manifolds, precision automation, instrumentation, hose and fittings, connectors, filtration products, seals and all other necessary fluid power components.  The business operates six locations in Illinois and Indiana and will become part of Kaman’s Industrial Distribution Segment.

Steven J. Smidler, President of Kaman, commented, “Catching is the leading player in the critical Chicago market for fluid power products.  This acquisition significantly expands our capabilities in that important category.  Similar to last year’s acquisition of Minarik in the automation and motion control space, we view Catching as an excellent platform which expands our range of technology-driven products demanded by customers. We are pleased that the senior management team of Catching, including its President, Richard J. Guminski, has agreed to join our team.”

Mr. Guminski said, “Catching and Kaman are a great strategic and operational fit.  This combination will benefit our customers by expanding our product offering and through the additional resources of Kaman, allow us to further strengthen the business.  We plan to continue to operate out of all existing locations as a full-line Parker distributor and we are also pleased with the expanded suite of opportunities this provides to our employees.  Our team is very excited by the possibilities for growth that joining the Kaman organization represents.”

Terms of the purchase were not disclosed.

Parker National Reseller Agreement

Parker’s national recognition of Kaman as a value-added reseller of Parker hydraulics, fluid connector and automation products will allow Kaman to have full access to the Parker motion technologies portfolio of products across all of its U.S. locations utilizing Parker’s Integrated Partners.

Neal J. Keating, Chairman, President and CEO of Kaman Corporation, commented “Our agreement with Parker is a major milestone in the history of Kaman.  We now have a unique market opportunity with the global leader in fluid power and motion control.  Our customers, who are looking for complete, integrated solutions, will benefit from this enhancement to our portfolio of hydraulic products.”

 
 

 
 
About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets.  The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America.  Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry.  Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.  The company’s Aerospace Segment produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company’s SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters.  More information is available at www.kaman.com

###

Contacts:
Eric Remington
VP, Investor Relations
Kaman Corporation
(860) 243-6334
eric.remington@kaman.com

David Mayer
VP, Marketing
Kaman Industrial Technologies Corporation
(860) 687-5185
Dave.Mayer@Kaman.com


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