Kaman sells its Mexican distribution subsidiary
Kaman Corp. sold its Mexico business unit, Delamac de Mexico S.A. de C.V., to Rodamientos y Accesorios S.A. de C.V. (RYASA) of Mexico. Terms of the transaction were not disclosed.
“We did not have sufficient scale in Mexico to achieve our long-term targeted profitability goals and believe the operation will be better aligned with RYASA,” says Steven Smidler, executive vice president and distribution segment president. “We are grateful to the employees of Delamac for their commitment and service to Kaman and believe the new ownership will be beneficial for all parties.”
About the Author: Kevin Yanik
Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.Subscribe to Pit & Quarry
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