MAYFIELD HEIGHTS, Ohio—Parker-Hannifin Corp. has completed the sale of its Aircraft Wheel & Brake Division to Kaman Corp.
The sale of the Avon-based division was part of the conditions approved by the European Commission for Parker's acquisition of Meggitt P.L.C., which was completed on Sept. 13. Kaman, based in Bloomfield, Conn., makes components and materials for industries ranging from aerospace to medical.
"Kaman is a strategic buyer for the Aircraft Wheel & Brake Division," Roger Sherrard, vice president and president of Parker's Aerospace Group, said in the release. "This is a great business with strong foundations for growth, an outstanding team and a clear strategy for future success. We thank the team for their contributions to Parker Aerospace over many years and are confident in their continued success as part of Kaman."