Littlejohn to buy Kaman distribution unit for $700 mln

Kaman Corp said June 26 that it agreed to sell its distribution segment to Littlejohn & Co LLC for $700 million. The $700 million deal is subject to customary closing conditions and working capital adjustments. Kaman’s distribution unit distributes more than six million items including electro-mechanical bearings, power transmission, motion control and electrical and fluid power components, as well as automation and MRO supplies, to customers in virtually every industry.

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