|Kaman Corp. Acquires Latin Percussion, Inc.|
BLOOMFIELD, Conn., Oct. 21 /PRNewswire-FirstCall/ --
LP will operate as a separate subsidiary within Kaman's music distribution segment. Terms of the purchase are not being disclosed.
Latin Percussion was founded in 1964 by Martin Cohen and is a leading global distributor of a wide range of Latin percussion instruments. Its main product line is conga drums marketed under the brand names LP, LP Aspire and Matador. LP currently operates out of two facilities in Garfield, and employs about 75 people.
Paul R. Kuhn, president and chief executive officer of Kaman Corp., said,
Martin Cohen said,
Kaman Music is the nation's largest independent distributor of musical instruments and accessories. The company offers a selection of more than 10,000 products for musicians of all skill levels. In addition to its percussion lines, Kaman's music products include the company's own proprietary Ovation and Hamer guitars, the Takamine guitar line, and an extensive offering of other musical instruments and accessories.
Kaman Corporation conducts business in the aerospace, industrial distribution and music distribution markets.
SOURCE Kaman Corporation
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CO: Kaman Corporation; Latin Percussion, Inc.