Timken Alcor Aerospace Technologies designs and supplies aftermarket parts to businesses conducting maintenance repair and overhauls for commercial aerospace operators

Timken Alcor Aerospace Technologies designs and supplies aftermarket parts to businesses conducting maintenance, repair, and overhauls for commercial aerospace operators.

Kaman Buying Timken’s Aerospace MRO Business

Engineered parts and services complement aerostructure supplier’s current portfolio No price listed, deal closes soon Business on the block for 13 months

A Kaman Corporation subsidiary has an agreement to buy Timken Alcor Aerospace Technologies, an aftermarket supplier to the aerospace MRO sector. The principals did not detail the value of the transaction, which is scheduled to close this month.

Kaman manufacturers and supplies aircraft bearings and components, and metallic and composite aerostructures for commercial, military, and general aviation fixed- and rotary-wing aircraft. The company indicated the Timken business offers organic growth opportunities to Kaman, as well as strong business relationships with aerospace engine MROs and fleet operators of helicopters and fixed-wing aircraft.

TAAT is a Mesa, Ariz., business that designs and supplies aftermarket parts to businesses conducting maintenance, repair, and overhauls for commercial aerospace operators. More than a year ago, Timken announced plans to sell the business as it restructured its Aerospace operations.

"This is a solid company that nicely complements the aftermarket business of our Specialty Bearings & Engineered Products division," stated Greg Steiner, president of Kaman Aerospace Group. He added that TAAT has demonstrated consistent financial performance and its engineered products complement Kaman’s current offerings.

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish