NetComposites
Attwater

Kaman to Acquire Aerospace Composite Parts Manufacturer

13 December 2001

Kaman has signed an agreement to acquire Plastic Fabricating Company, Inc. (""PlasticFab""), a Wichita, Kansas manufacturer of composite parts and assemblies for aerospace applications.

PlasticFab, a privately held company with estimated sales this year in excess of $14 million, is currently owned by HIG Capital LLC, a private equity investment firm based in Miami, Florida. PlasticFab, founded in 1948, is a leading supplier of custom engineered composites, advanced plastic components and complex assemblies for commercial and military aerospace applications. Its largest customers include Boeing, Bell Helicopter Textron, Sikorsky Aircraft, Lockheed Martin, and Fuji Heavy Industries Ltd. The company employs approximately 180 people at its 150,000-square-foot Wichita facility.

Paul R. Kuhn, president and chief executive officer of Kaman Corp., said, ""This acquisition brings us into one of the largest aerospace manufacturing areas in the United States, and is complementary to our existing composites and metal bonding operations. The acquisition fits well with our overall strategy to grow and diversify our aerospace business. PlasticFab has a solid reputation in the industry for delivering quality products on time, and it has an experienced, dedicated work force. We look forward to their becoming part of the Kaman family."" The transaction is expected to close by the end of the year. Terms are not being disclosed. When the transaction is completed PlasticFab will operate as a separate subsidiary within the aerostructures business unit of Kaman Aerospace Corp.






comments powered by Disqus

Related / You might like...

Fibermaq Participates in Aeronautical Congress

Fibermaq will participate for the first time in the Congress of Industrial Management and Aeronautical Technology (Cimatech), which takes place on 17-19 October at the School of Technology (Fatec) of São José dos Campos (SP), Brazil. 

CGTech Presents VERICUT Aerospace Applications at Dubai Airshow

CGTech will showcase its software applications for the aerospace industry at the Dubai Airshow on 12-16 November.

Chem-Trend Introduces Release Agent for Aerospace Composites

Chem-Trend is introducing Zyvax 1070W, a release agent for use in moulding processes for aerospace composites components.