Kaman Completes Acquisition of Bal Seal Engineering, Inc.
“I want to welcome all the employees of Bal Seal to the Kaman family,” stated
“We are excited to welcome the Bal Seal team to Kaman as we work together to leverage our expanded portfolio of highly engineered products, proprietary technologies and deep customer relationships,” said
About
Risks Associated with Forward-Looking Statements
This release includes “forward looking statements” within the meaning of the federal securities laws relating to the announced transactions, including the benefits of the transactions, the anticipated timing of the transactions, and the expected performance and future operations of Kaman, which can be identified by the use of words such as “opportunities,” “positioned,” “capitalize,” “benefits,” “anticipated,” and other words of similar meaning in connection with a discussion of the transactions or future operating or financial performance or events. These statements are based on assumptions currently believed to be valid but involve significant risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those expressed in the forward looking statements. Such risks and uncertainties include, among others, (i) the effect of the consummation of the transactions on Kaman’s or Bal Seal’s business relationships, operating results and businesses generally; (ii) the outcome of any legal proceedings that may be instituted against Kaman or Bal Seal related to the consummation of the transactions; (iii) Kaman’s ability to enforce and protect Bal Seal’s intellectual property; (iv) risks that the transactions disrupt the current plans and operations of Kaman or Bal Seal; (v) the representations and warranties provided by Bal Seal and Kaman’s rights to recourse are limited in the transaction agreement and, as a result, the assumptions on which its estimates of future results of the business have been based may prove to be incorrect in a number of material ways, which could result in an inability to realize the expected benefits of the announced transactions or exposure to material liabilities; (vi) the inability of Kaman to successfully integrate the operations of Bal Seal and realize anticipated benefits of the transactions; (vii) Kaman’s ability to profitably attract new customers and retain existing customers; (viii) the ability to implement the anticipated business plans following closing and achieve anticipated benefits and savings; and (ix) future and estimated revenues, earnings, cash flow, charges and expenditures. The foregoing list of factors is not exhaustive. Additional risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward looking statements are identified in our reports filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20200103005337/en/
Source:
Kaman Corporation
James Coogan
VP, Investor Relations & Business Development
(860) 243-6342
james.coogan@kaman.com