Kaman chairman, Paul Kuhn, stated, “Kaman Music has been a part of this company from the early 1960s when our founder, Charlie Kaman, invented the now famous Ovation Guitar. Over the years, we have built Kaman Music into a position of prominence as the largest independent distributor of musical instruments and accessories to the many thousands of music retailers across the country. It is very satisfying, therefore, to have found a strategic buyer of Fender’s stature to take what we have created forward into the future. Kaman will use the proceeds of the sale to focus more specifically on its aerospace and industrial distribution businesses.”
Bill Mendello, Chairman and CEO of FMIC, stated, “We have a tremendous amount of respect for the legacy of Kaman Music and the brands that are a part of the KMC family. We strongly believe the combination of KMC and FMIC is a winning combination for dealers and musicians around the world.”
About Kaman Corporation:
Kaman Corp., headquartered in Bloomfield, Conn., conducts business in the aerospace and industrial distribution markets.
About Fender Musical Instruments Corporation:
Fender Musical Instruments Corporation (FMIC) is the world’s leading guitar manufacturer, and its name has become synonymous with all things rock ‘n’ roll. Iconic Fender® instruments such as the Telecaster®, Stratocaster®, Precision Bass® and Jazz Bass® guitars are known worldwide as the instruments that started the rock revolution, and they continue to be highly prized by today’s musicians and collectors. FMIC brands include Fender®, Squier®, Guild®, Gretsch®, Jackson®, Charvel®, SWR®, EVH®, Tacoma®, Olympia® and Brand X®. For more information, visit www.fender.com.
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| Contact: Russell H. Jones Kaman Corporation (860) 243-6307 Russell.Jones@kaman.com | | Jason Padgitt Fender Musical Instruments Corp. (310) 946-9164 jpadgitt@fender.com | |
