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Slide #69. Kadant Inc. — Carmanah Design and Manufacturing
Kadant Inc. (NYSE:KAI)
Carmanah Design and Manufacturing
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 Papermaking Systems segment, Co. develops, manufactures, and markets equipment and products for the papermaking, paper recycling, recycling and waste management, and other process industries. Through its Wood Processing Systems segment, Co. develops, manufactures, and markets stranders and related equipment used in the production of oriented strand board. Through its Material Handling Systems Segment, Co. develops, manufactures, and markets material handling equipment and systems to various process industries, including mining, aggregates, food processing, packaging, and pulp and paper.
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Buy (2.80 out of 4)