Kaman Corp. – KAMN – To acquire and implement Infor10 Distribution Business

Kaman Corp. (NYSE:KAMN) announced that it has begun an investment program to acquire and implement Infor10 Distribution Business (SX.enterprise), a new state of the art enterprise-wide business system for Kaman Industrial Technologies (KIT), its Industrial Distribution Segment.

“We are undergoing a transformation within KIT expanding to three complementary product platforms, re-aligning the organizational structure and now adding a new state of the art enterprise-wide business system to support our long-term growth strategy. Our new Infor System will speed transaction processing, provide more robust reporting and allow for easier integration of acquisitions. The new system will help enable us to achieve our revenue and profit objectives and provide even more exceptional customer service,” stated Neal Keating, Kaman Corporation Chairman, President and Chief Executive Officer.

The project is expected to take several years to implement at a total cost of $40-$45 million. Approximately 75% of the costs will be capitalized.

KIT President Steve Smidler added, “Our new system will consolidate seven existing ERP systems, some of which are losing vendor support over the next several years, into one system. This will provide consistency across the organization, lower maintenance costs and support the three product platforms we have developed. It is also scalable as we pursue our aggressive growth targets for the business. The largest of our current systems is adequate today for our bearing and power transmission product platform but is based on software originally acquired more than twenty-five years ago, and it does not make sense to continue to invest in this legacy system for the long-term. Leveraging the advancements in this new system with state of the art technology and combining that with more efficient and standardized processes will enable KIT to more effectively drive growth, productivity and profitability.

About Kaman Corporation – KAMN

Kaman Corporation (KAMN), founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the industrial distribution and aerospace markets. KAMN is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America. KAMN offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.