Kaman completed the acquisition of Bal Seal Engineering for $330m.

Kaman, an American aerospace company, completed the acquisition of Bal Seal Engineering, a global provider of custom-engineered sealing, connecting, conducting, and EMI/RFI shielding solutions for worldwide industry, for $330m. “Following the recent sale of our distribution business, Kaman’s strategic focus has centered on growing our highly engineered products business, enhancing margins, and driving free cash flow generation. This complementary acquisition of Bal Seal will advance all three objectives by expanding the breadth of our product offering, increasing our exposure to attractive high growth markets, and driving meaningful near-term margin and cash flow accretion,” Neal J. Keating, Kaman Chairman, President and CEO.