Kadant acquires Balemaster for $54M in cash; expands secondary material processing

KADANT INC

Acquisition price $54M cash, subject to customary adjustments.
Balemaster trailing 12-month revenue ~$22M as of June 30, 2021.
Balemaster manufactures horizontal balers for recycling packaging waste; joins Kadant's Material Handling segment.
Acquisition leverages Kadant's high-performance balers produced in Europe, expanding U.S. market presence.
Conference call and webcast to discuss transaction scheduled for August 24, 2021.

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