Kadant completes acquisition of Clyde Industries for $175M

Kadant (KAI) “announced that it has completed the acquisition of Clyde Industries Holdings, Inc. and affiliates 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.”