je.st
news
Kaman Announces Sale of Moosup Facility
2014-09-13 10:54:45| Industrial Machines - Topix.net
Kaman Corporation announced today that its subsidiary, Kaman Aerospace Corporation , has sold its former manufacturing facility in Moosup, Connecticut, which has been idle since 2004, to TD Development, LLC. In connection with the sale, Kaman will contribute $4 million in cash over a four year period to fund environmental remediation work that is expected to be done on the property, and expects to take a related pre-tax charge of approximately $2.2 million in the third quarter. Further terms of the transaction were not disclosed.
Tags: sale
facility
announces
kaman
Category:Industrial Goods and Services