Kaman to acquire G.C. Fabrication
Kaman Industrial Technologies plans to acquire G.C. Fabrication Inc., an electrical distributor based in Northvale, N.J.
The acquisition expands Kaman’s Automation, Control & Energy platform into the New York metro market. The transaction is expected to close later this month.
GCF, founded in 1982, is a premier Schneider Electric/Square D distributor and carries a variety of electrical power, automation, process controls, specialized HVAC, water and wastewater systems, communication and networking devices from a premier set of global manufacturers. GCF had 2014 sales of approximately $20 million and employs 30 people.
“We are pleased to expand our strategic relationship with Schneider through the acquisition of GCF," said Steve Smidler, president of Kaman Industrial Technologies. "The GCF team has an excellent reputation as an engineering services firm with both its suppliers and customers, and a track record of strong financial performance. Its presence in the New York market complements our acquisitions of Minarik, Target Electronic Supply and Zeller and will allow us to continue to execute our strategies in this market.”
GCF principals Joseph Abbatiello and David Plaut added, “We are thrilled to be joining up with the Kaman team. The combination offers tremendous growth and expansion opportunities for GCF and our people. Further, our product and market knowledge match well with Kaman’s strategy of engineered value added solutions and technical excellence.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
