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Kaman Completes $700 Million Sale Of Distribution Business To Focus On Aerospace And Defense

Cal Biesecker By
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Kaman Completes $700 Million Sale Of Distribution Business To Focus On Aerospace And Defense
Neal Keating, Chairman, President and CEO of Kaman Corp. Photo: Kaman

Kaman Corp. [KAMN] on Monday said it has completed the sale of its Distribution segment to the private equity firm Littlejohn & Co. for $700 million in cash, allowing it to better focus on its aerospace and defense products portfolio. Kaman first announced the deal with Littlejohn & Co. in June, saying at the time that pending sale is key milestone in its “portfolio transformation” and that the outcome would be a strengthened balance sheet that enables more investment in…

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