Kadant Inc. (NYSE: KAI) announced today that it has completed the acquisition of Clyde Industries Holdings, Inc. and affiliates for $175 million in cash, financed primarily through borrowings under its revolving credit facility. The deal is subject to customary adjustments and represents a significant expansion of Kadant’s Industrial Processing portfolio.
Clyde Industries, founded in 1924, reported $92 million in revenue for the fiscal year ending February 28, 2025 and employs approximately 400 people. The company specializes in highly engineered boiler‑efficiency and cleaning‑system technologies that serve energy, pulp and paper, and general industrial markets worldwide, with operations in the United States, Brazil, China, Indonesia, Finland, and Canada.
The acquisition aligns with Kadant’s strategy to broaden its industrial‑processing capabilities and to enhance its sustainable‑processing solutions. By adding Clyde’s technology, Kadant can offer more comprehensive boiler‑efficiency and cleaning solutions, strengthening its competitive position in adjacent markets and creating cross‑sell opportunities within its existing customer base.
With the transaction completed, Clyde Industries is now part of Kadant’s Industrial Processing reporting segment. The integration will be supported by Kadant’s existing manufacturing and sales infrastructure, and the company expects to realize operational synergies and revenue growth from the combined product portfolio.
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