News from Connecticut: Another Big Aerospace Acquisition Here in Mesa

An October 21, 2015 update by Business Wire News: TAAT will be renamed “EXTEX Engineered Products, Inc., + an  update from the 24th that the acquisition has been completed http://www.onlineamd.com/article/kaman-completes-acquisition-timken-alcor-102415

From The Hartford Courant October 6, 2015

Kaman Buying Timken Business in Arizona
Kaman Corp. has agreed to buy Timken Alcor Aerospace Technologies [TAAT] in Mesa, Ariz., a division that designs and supplies aftermarket parts to maintenance and overhaul operations in North America.
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 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; K-MAX® medium to heavy lift helicopters; and support for the company’s SH-2G Super Seasprite maritime helicopters and K-MAX® aircraft.

Here's the company's website:
http://www.timken.com/en-us/solutions/aerospace/aftermarket/Pages/default.aspx

Kaman makes air transport vehicle like this:
Kaman SH-2G Seasprite

See it in action on this YouTube video:
https://youtu.be/Q58hQA6CI6E

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.
With 14,000 employees operating from 28 countries, Timken posted $3.1 billion in sales in 2014.

Link to a YouTube Video: https://youtu.be/x-Eclu93DPY