Date: 2013-08-01

Kaman Industrial Technologies to Acquire Zeller Corporation

On Aug. 13, 2012, Kaman Corporation (NYSE:KAMN) announced the signing of a definitive agreement to acquire the assets of Zeller Corporation by its subsidiary Kaman Industrial Technologies Corporation (KIT). The acquisition is expected to close in the third quarter. Terms of the transaction were not disclosed.

Zeller Corporation 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 quality manufacturers including Kollmorgen, Phoenix Contact, Rittal and Sick. Zeller employs 240 people, including 60 degreed engineers, and has operations in Rochester, Syracuse and Buffalo, New York; Foxboro, Massachusetts; and Winston-Salem, North Carolina. Zeller expects 2012 sales of approximately $80 million for the full year.

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

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