Kadant Inc. (NYSE: KAI) announced today that it has completed the acquisition of Clyde Industries Holdings, Inc. and affiliates (“Clyde Industries”) for $175 million in cash, subject to customary adjustments. The acquisition was primarily financed through borrowings under Kadant's revolving credit facility.

Founded in 1924, Clyde Industries is recognized for its highly engineered boiler efficiency and cleaning system technologies that improve performance, reduce operational costs, and support customer sustainability initiatives in critical industrial markets, including energy, pulp and paper, and general industry. The company has approximately 400 employees and is headquartered in Atlanta, Georgia, with operations in Brazil, China, Indonesia, Finland and Canada. Clyde Industries' revenue for the fiscal year ended February 28, 2025 was $92 million. Clyde Industries will become part of Kadant’s Industrial Processing reporting segment.

“We are pleased to welcome our colleagues from Clyde Industries to the Kadant family,” said Jeffrey L. Powell, president and chief executive officer of Kadant. “Clyde Industries shares our commitment to driving Sustainable Industrial Processing, and this acquisition supports our strategic goals for expanding our industrial processing offerings to adjacent markets. The capabilities and innovations Clyde Industries provides complement and expand our product portfolio, making them an excellent fit with Kadant.”

Brent Beachy, chief executive officer of Clyde Industries, added, “We are proud to become part of a global industrial leader, and welcome this exciting growth opportunity for our team and our customers. Kadant’s deep industry expertise and wide breadth of solutions in our core markets will provide support for our continued growth. We look forward to integrating our capabilities and products with Kadant’s network to provide comprehensive solutions.”

Conference Call

Kadant will hold a conference call and webcast on Thursday, October 9, 2025 at 11:00 a.m. Eastern Time to discuss the acquisition. To listen to the call and view the webcast, go to the “Investors” section of the Company’s website at kadant.com. Participants interested in joining the call’s live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and unique pin. It is recommended that you join the call 10 minutes prior to the start of the event. A replay of the webcast presentation will be available on the Company’s website through November 7, 2025.