Kadant acquires KWS Manufacturing for ~$84M cash; revenue $45M TTM

KADANT INC

Acquired KWS Manufacturing for ~$84M in cash, financed through revolving credit facility.
KWS had revenue of $45M for trailing twelve months ended Sep 30, 2023, with ~165 employees.
KWS manufactures screw conveyors, bucket elevators, and slide gates for food, chemical, and wood industries.
KWS will become part of Kadant's Material Handling reporting segment.
Webcast on Jan 29, 2024 at 1:00 PM ET to discuss the acquisition.

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