Kadant Inc. has successfully completed the acquisition of Clyde Industries Holdings, Inc. and affiliates for a total of $175 million in cash, subject to customary adjustments. Clyde Industries, founded in 1924, is known for its highly engineered boiler efficiency and cleaning system technologies that cater to critical industrial markets such as energy, pulp and paper, and general industry. This acquisition is expected to complement and expand Kadant's product portfolio, thereby supporting the company's strategic goals for expanding its industrial processing offerings to adjacent markets.
Clyde Industries, with approximately 400 employees, generated a revenue of $92 million for the fiscal year ended February 28, 2025. The company's headquarters is located in Atlanta, Georgia, with operations in Brazil, China, Indonesia, Finland, and Canada. Following the acquisition, Clyde Industries will become part of Kadant’s industrial processing reporting segment.
Kadant's President and CEO, Jeffrey L. Powell, expressed his satisfaction in welcoming Clyde Industries to the Kadant family, emphasizing the shared commitment to driving sustainable industrial processing. Brent Beachy, the CEO of Clyde Industries, also expressed pride in becoming part of a global industrial leader and highlighted the growth opportunity this acquisition presents for their team and customers.
The press release also states that Kadant will hold a conference call and webcast on October 9, 2025, at 11:00 a.m. Eastern Time to discuss the acquisition.
Kadant Inc. is a global supplier of technologies and engineered systems that drive sustainable industrial processing, with approximately 3,900 employees in 22 countries around the world. Following these announcements, the company's shares moved -2.35%, and are now trading at a price of $298.03. Check out the company's full 8-K submission here.
