Kadant Acquires Clyde Industries

Core Insights - Kadant Inc. has completed the acquisition of Clyde Industries Holdings, Inc. for $175 million in cash, financed through borrowings under Kadant's revolving credit facility [1][2] - Clyde Industries specializes in boiler efficiency and cleaning system technologies, with a revenue of $92 million for the fiscal year ended February 28, 2025 [2] - The acquisition aligns with Kadant's strategic goals to expand its industrial processing offerings and enhance its product portfolio [3] Company Overview - Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing, with approximately 3,900 employees in 22 countries [5] - Clyde Industries, founded in 1924, has around 400 employees and operates in multiple countries including Brazil, China, and Canada [2] - The acquisition will integrate Clyde Industries into Kadant's Industrial Processing reporting segment [2][3] Strategic Implications - The acquisition is expected to complement Kadant's existing capabilities and support its commitment to sustainability in industrial processing [3] - Both companies express optimism about the growth opportunities presented by the integration, leveraging Kadant's industry expertise and broad solutions [3] Upcoming Events - Kadant will hold a conference call on October 9, 2025, to discuss the acquisition, with a replay available until November 7, 2025 [4]