Kaman Tooling Acquisition Creates Aerospace Toolmaker Group
Kaman Tooling is operating under new ownership (KTL Tooling) following a recent acquisition deal that saw it break away from American aerospace group, Kaman Corporation.
Kaman Tooling is operating under new ownership (KTL Tooling) following a recent acquisition deal that saw it break away from American aerospace group, Kaman Corporation.
Under its new ownership, KTL Tooling’s mission is to become the go-to supplier for composite mold tools in the U.K. and Europe by leveraging the enlarged group’s engineering expertise and complementary tooling specialisms.
Kaman Tooling is operating under new ownership (KTL Tooling) following a recent acquisition deal that saw it break away from American aerospace group, Kaman Corporation. The specialist tooling manufacturer now forms part of an enlarged toolmaker group, which includes Accrington, U.K. based G Parker Aero Tooling Solutions. Both businesses are spearheaded and wholly owned by Accrington-based Michael Parker.
Michael Parker is also joined at KTL Tooling by new non-executive chairman, Dave Roberts, who brings significant industry experience to the role, to create an experienced and commercially focused executive team that underpin both organizations and lay the foundation to deliver growth.
KTL Tooling operates from a purpose-built 64,000 sq. ft. manufacturing facility on Burnley’s Innovation Drive, a global center of excellence for aerospace and automotive engineering. It employs more than 60 highly skilled technical engineers and support staff, who service a growing international roster of industry leaders that includes BAE Systems, Rolls Royce, GKN Aerospace, Airbus EADS (Astrium) and Thales Underwater Systems.
Under its new ownership, KTL Tooling’s mission is to become the go-to supplier for composite mold tools in the U.K. and Europe by leveraging the enlarged group’s engineering expertise and complementary tooling specialisms. The company is focused on enhancing KTL Tooling’s manufacturing capability and will still work closely with Kaman on a preferred supplier basis, while ensuring the same high levels of innovation, service and support for all clients.Related Content
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