Kaman Industrial Technologies has signed an agreement to acquire Zeller Corporation, a distributor of electrical and automation components.
The acquisition is expected to close in the third quarter. Terms of the transaction were not disclosed.
Zeller Corporation is a distributor of 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 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.
“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 portfolio to include electrical controls and power distribution. Further, it demonstrates our commitment to growing our distribution network, enhancing our value-add solutions capabilities, and complementing our strong mechanical and fluid power product platforms,” said Neal J. Keating, chairman, president and chief executive officer of Kaman Corporation.
Gary Haseley, president, Zeller Corporation added, “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, said that Haseley will stay with Kaman in the role of Zeller’s vice president and general manager. “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,” Smidler said.Tagged with tED