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Avedon Capital Partners sells GRW Bearing to Kamen Corp

Avedon has sold German high precision miniature ball bearing company GRW Bearing (GRW) to US-based Kaman Corporation (NYSE:KAMN), with the deal expected to close by the end of November.

GRW specialises in the design and manufacturing of custom engineered high precision miniature ball bearing solutions. GRW has a comprehensive product offering of several thousand different variants that are designed to meet specific customer application requirements in the Healthcare, Aviation & Defence, Drive Systems & Analysis and Industrial & Distribution end-markets. With over 550 employees and two state-of-the-art production facilities in Rimpar, Germany and Prachatice, Czech Republic, GRW has a competitive advantage in supplying tailored high precision miniature ball bearings solutions. GRW is headquartered in Rimpar, Germany.
 
Kaman Corporation, headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components and is a leading distributor of industrial parts operating more than 200 customer service centres and five distribution centres across North America.
 
Alexis Weege and Hannes Hinteregger, Avedon Capital Partners, says: “We are very excited about this transaction and would like to thank management and all employees for the hard work over the past years. We believe that GRW under its new ownership will be able to further capitalize on its outstanding position in the high precision, miniature ball bearing market and will benefit from Kaman’s strong distribution channels to further grow its international presence, in particular in the US.”  

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