Kadant acquires Clyde Industries for $175 million in all-cash deal

[M&A Mergers And Acquisitions]
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Kadant (NYSE:KAI [https://seekingalpha.com/symbol/KAI]) announced that it completed the acquisition [https://seekingalpha.com/pr/20258097-kadant-acquires-clyde-industries] of Clyde Industries Holdings and its affiliates for $175 million in all-cash deal.

The purchase 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. Headquartered in Atlanta, Georgia, the company maintains operations in Brazil, China, Indonesia, Finland, and Canada.

Clyde Industries, which employs approximately 400 people, generated $92 million in revenue for the fiscal year ending February 28, 2025.

Clyde Industries will be integrated into Kadant’s Industrial Processing reporting segment.

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