Kadant Acquires Dynamic Sealing Technologies

Acquisition Details - Kadant Inc. has completed the acquisition of Dynamic Sealing Technologies LLC (DSTI) for approximately $55 million in cash, financed through borrowings under Kadant's revolving credit facility [1] - DSTI specializes in engineered fluid sealing and transfer solutions, with a revenue of approximately $25 million for the trailing twelve months ended March 31, 2024 [2] Strategic Importance - The acquisition is expected to enhance Kadant's product portfolio, particularly in custom engineered rotary unions and related products, which are complementary to existing offerings [3] - DSTI's operations will be integrated into Kadant's Flow Control reporting segment, expanding Kadant's presence in adjacent industries [2][3] Company Overview - Kadant Inc. is a global supplier of technologies and engineered systems aimed at driving sustainable industrial processing, with approximately 3,500 employees across 20 countries [5] - The company focuses on enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries [5]