Kaman Corporation announced that its subsidiary, Kaman Industrial Technologies Corporation, has acquired the business of Catching FluidPower Inc., a distributor of fluid-power products based in Bolingbrook, Ill. In conjunction with the acquisition, Parker Hannifin Corporation has recognized Kaman nationally as a value-added reseller of Parker hydraulics, fluid-connector and automation products.
Founded in 1954, Catching has projected sales of $43 mil. in 2011, and has approximately 90 employees. Catching is one of Parker’s premier tri-motion distributors and covers a wide variety of product technologies including: hydraulic and pneumatic pumps, motors, valves, cylinders, manifolds, precision automation, instrumentation, hose and fittings, connectors, filtration products, seals, and other fluid-power components. The business operates six locations in Illinois and Indiana and will become part of Kaman’s Industrial Distribution Segment.
Catching plans to continue to operate out of all existing locations as a full-line Parker distributor. Terms of the purchase were not disclosed.
Parker’s national recognition of Kaman as a value-added reseller of Parker hydraulics, fluid- connector and automation products will allow Kaman to have full access to the Parker motion technologies portfolio of products across all of its U.S. locations.