Kaman acquired distributor of electrical, automation and motion control distributor
Bloomfield, CT -- Kaman Corporation has agreed to acquisition of the assets of Zeller Corporation by its subsidiary Kaman Industrial Technologies Corporation (KIT). The acquisition is expected to close in the third quarter of 2012. Terms of the...
Bloomfield, CT — Kaman Corporation has agreed to acquisition of the assets of Zeller Corporation by its subsidiary Kaman Industrial Technologies Corporation (KIT). The acquisition is expected to close in the third quarter of 2012. Terms of the transaction were not disclosed.
Zeller is a value-added distributor of electrical and automation components and solutions, including motion control, programmable logic controller (PLC) based automation, machine vision, electrical controls and power distribution products. A premier Schneider Electric distribution partner, Zeller also represents other manufacturers, including Kollmorgen, Phoenix Contact, Rittal and Sick.
Zeller employs 240 people, including 60 degreed engineers, and has operations in Rochester (its headquarters), Syracuse and Buffalo in New York; Foxboro, MA; Winston-Salem, CA, and an engineering office in Aurora, ON, just north of Toronto.
Zeller expects full year 2012 sales of approximately $80 million.
Neal J. Keating, chairman, president and chief executive officer of Kaman Corporation, stated, “The acquisition of Zeller Corporation is a very exciting addition for Kaman and our KIT distribution business – it extends and expands our automation and motion control product segment to include electrical controls and power distribution. We are also excited to welcome the strong management team and workforce at Zeller, led by Gary Haseley to the Kaman family.
Gary Haseley, president, Zeller remarked, “We are very enthusiastic about the opportunity to become part of the Kaman distribution and solutions team. We believe Zeller’s deep engineering expertise coupled with Kaman’s broad national reach will combine to create an outstanding solution for our customers, while driving growth opportunities for our suppliers and employees. With more than 50 years of experience providing superior electrical products and engineered solutions to our customers, we will now also have the ability to satisfy their mechanical power transmission requirements.”
Steve Smidler, president of KIT added, “We are also very pleased to have Gary Haseley staying with Kaman and joining our KIT executive management team as Zeller’s vice-president and general manager, reporting to me. Zeller complements and strengthens our recent acquisitions of Minarik, Target Electronic Supply and Automation Technology, and is illustrative of our overall expansion strategy to further increase our electrical, automation and motion control footprint.”
Additional information about Zeller is available at www.zellercorp.com.