Kaman’s big catch

  • 10-Jul-2008 12:52 EDT

Kaman Aerospace Group Inc., headquartered in Bloomfield, CT, has acquired Brookhouse Holdings Ltd., a designer and manufacturer of composite aerostructures, aerospace tooling, and repair and overhaul services based in Darwen, Lancashire, England. The purchase price was £43 million cash, and was funded by borrowings through Kaman’s revolving credit agreement. Founded in 1951, Brookhouse has approximately 450 employees at two sites and operates in three business units: composites, tooling, and aftermarket services. Sales to the military represent slightly more than half of Brookhouse’s sales, with the remainder representing sales to the commercial market. Sales for OEMs represent approximately two-thirds of total sales, with aftermarket sales representing the remaining third.

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