Kaman To Buy Electrical Distributor G.C. Fabrication - Quick Facts

(RTTNews) - Kaman Corp. (KAMN) said that its Distribution Segment has agreed to acquire substantially all the operating assets of G.C. Fabrication, Inc. or GCF of Northvale, New Jersey.

Kaman noted that the acquisition will expand its Automation, Control & Energy platform into the New York metro market. The company expects the transaction to close later this month.

GCF, founded in 1982, is a premier Schneider Electric/Square D distributor and carries a variety of electrical power, automation, process controls, specialized HVAC, water and wastewater systems, communication and networking devices from a premier set of global manufacturers. The company, which employs 30 people, had 2014 sales of about $20 million.