Bloomfield aerospace manufacturer Kaman on Tuesday announced it has agreed to buy Timken Alcor Aerospace Technologies of Mesa, Ariz.
Kaman said Timken offers organic growth opportunities in both helicopters and fixed-wing aircraft, along with a robust quality system and engineering expertise. Timken has annual sales of $20 million.
Financial terms of the deal were not disclosed. Kaman, which signed the acquisition agreement on Tuesday, said the deal is expected to close by the end of October.
Timken will become part of Kaman’s Specialty Bearings & Engineered Products division.
