Kadant completes acquisition of Key Knife for $156M cash

KADANT INC

Acquisition closed Jan 1, 2024 for ~$156M in cash, financed via revolver.
Key Knife had TTM revenue of ~$65M and 141 employees in US and Canada.
Key Knife supplies engineered knife systems for wood product industries.
Acquisition will be part of Kadant's Industrial Processing segment.
Conference call on Jan 8, 2024 to discuss the acquisition.

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