Kaman Announces Plan to Acquire Parker Distributor Northwest Hose & Fittings

  Kaman Announces Plan to Acquire Parker Distributor Northwest Hose & Fittings

Business Wire

BLOOMFIELD, Conn. -- May 30, 2013

Kaman Corporation (NYSE:KAMN) today announced that its Distribution Segment
(Kaman) has signed a definitive agreement to acquire substantially all the
assets of Northwest Hose & Fittings, Inc. based in Spokane, Washington. The
transaction is expected to close in the next few weeks. Terms were not
disclosed.

Northwest Hose & Fittings, founded in 2000, is an authorized Parker
distributor of hydraulic hose, fittings, adapters as well as couplers and
industrial hose to a diverse group of industries such as the metals,
agricultural, industrial machinery and equipment industries. Parker Hannifin
Corporation is the global leader in motion and control technologies. The
company also has locations in Yakima and Moses Lake, Washington and Coeur
d’Alene, Idaho and operates Parker Stores at all of its locations. Annual
sales for 2013 are expected to be approximately $8 million.

Steve Smidler, president of Kaman stated, “We are pleased that we have been
able to expand our strategic relationship with Parker through the acquisition
of Northwest Hose & Fittings. Not only does the company have a strong presence
in several key markets that Kaman did not previously serve, they also have an
excellent customer service ethic and technical expertise that should add
nicely to our fluid power product platform. We expect excellent growth
opportunities from the synergies of our product lines and customer bases.”

John Olson, president of Northwest Hose stated, “We are thrilled to be joining
a dynamic company like Kaman. We see tremendous growth and expansion
opportunities throughout the Pacific Northwest and our product knowledge and
reputation will match well with Kaman’s strategy of customer service and
technical excellence.”

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and
headquartered in Bloomfield, Connecticut conducts business in the aerospace
and industrial distribution markets. The company is a leading distributor of
industrial parts, and operates more than 200 customer service centers and five
distribution centers across North America. Kaman offers more than four million
items including bearings, mechanical power transmission, electrical, material
handling, motion control, fluid power, automation and MRO supplies to
customers in virtually every industry. Kaman also provides engineering, design
and support for automation, electrical, linear, hydraulic and pneumatic
systems as well as belting and rubber fabrication, customized mechanical
services, hose assemblies, repair, fluid analysis and motor management.
Additionally, the company produces and/or markets widely used proprietary
aircraft bearings and components; complex metallic and composite
aerostructures for commercial, military and general aviation fixed and rotary
wing aircraft; aerostructure engineering design analysis and FAA certification
services; safe and arm solutions for missile and bomb systems for the U.S. and
allied militaries; subcontract helicopter work; and support for the company's
SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift
helicopters. More information is available at www.kaman.com.

Contact:

Kaman Corporation
Eric Remington, Vice President, Investor Relations, (860) 243-6334
eric.remington@kaman.com
or
Kaman Industrial Technologies Corporation
David Mayer, Vice President, Marketing & Services, (860) 687-5185
dave.mayer@kaman.com
 
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