Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Wed., Jun. 29, 10:07 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
| This Slide: #69 of 100 |
Slide #69. Kadant Inc. — Carmanah Design and Manufacturing
Acquirer:
Kadant Inc. (NYSE:KAI)
Acquiree:
Carmanah Design and Manufacturing
Details:
Kadant Inc. (NYSE:KAI) announced that it has entered into a definitive agreement to acquire Carmanah Design and Manufacturing Inc. for Canadian dollars (CAD) 54 million in cash, or approximately USD 52 million, subject to a post-closing adjustment. Carmanah is a global leader in the design and manufacture of stranders and related equipment used in the production of oriented strand board (OSB), an engineered wood panel product used primarily in home construction. Carmanah also supplies debarking and wood chipping equipment used in both the forest products and the pulp and paper industries.
Kadant is a supplier of components and engineered systems used in process industries. Through its Flow Control segment, Co. provides custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications. Through its Industrial Processing segment, Co. provides equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries. Through its Material Handling segment, Co. provides products and systems used to handle bulk and materials for secondary processing or transport in the mining, food, and waste management industries.
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Buy (3.00 out of 4) 17th percentile
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