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KTL Tooling under new ownership

Burnley-headquartered Kaman Tooling is operating under new ownership following a deal that saw it break away from American aerospace group Kaman Corporation.

The specialist manufacturer – which is now operating as KTL Tooling – forms part of an enlarged organisation which includes G Parker Aero Tooling Solutions. Both businesses are spearheaded and wholly-owned by Accrington-based Michael Parker.

He is also joined by new non-executive chairman Dave Roberts, who brings significant industry experience to the role.

KTL Tooling operates from a purpose-built 64,000 sq ft manufacturing facility on Innovation Drive and employs more than 60 engineers and support staff. It serves the likes of BAE Systems, Rolls Royce and GKN Aerospace.

Parker said: “A history of innovation binds KTL Tooling and G Parker Aero Tooling Solutions, which was a key driver behind the takeover.

“Creating a single group brings a significant breadth of technical ability that sets us apart from our competitors, ultimately supporting both business’s growth plans and the evolving needs of our customers.”

Original story: Insider Media