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Kaman Corp., Bloomfield, Conn., announced that its Distribution Segment has signed a definitive agreement to acquire substantially all the assets of Ohio Gear & Transmission of Eastlake, Ohio. The transaction is expected to close by the end of July. Founded in 1973, Ohio Gear & Transmission is a distributor of mechanical power transmission equipment, bearings & electric automation systems as well as a designer and fabricator of specialized gearing products to industries, such as food, packaging, material handling, and general machinery. The company has one location and annual sales of approximately $9 million. Details
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