Crawford United Corp. of Cleveland, Ohio, purchased KT Acquisition LLC, doing business as Komtek Forge in Worcester, Mass. Komtek Forge provides complex, highly engineered forgings for the aerospace, industrial gas turbine, medical prosthetics, alternative energy, petrochemical and defense industries. The acquired business will continue to operate under the name Komtek. The acquisition will add about $7 million in annual revenue to Crawford United.
“Komtek is strategically important to our growing presence in the aerospace and defense markets,” said Brian Powers, Crawford United’s CEO. “Komtek has been an important part of our supply chain at CAD Enterprises for many years, and this acquisition will allow us to offer a more complete solution to our customers.”
Crawford United provides specialty industrial products to the healthcare, aerospace, transportation and petrochemical markets.