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Kadant Acquires Clyde Industries & Boosts Product Portfolio
ZACKS· 2025-10-08 14:41
Key Takeaways Kadant acquired Clyde Industries for $175M in cash, funded through its revolving credit facility.Clyde adds $92M in annual revenues and 400 employees with operations across several countries.The deal strengthens KAI's Industrial Processing unit, which saw a 16.5% revenue drop in Q2 2025.Kadant Inc. (KAI) recently announced that it has closed the buyout of Clyde Industries Holdings, Inc. and its affiliates for about $175 million in cash. Kadant funded the transaction through borrowings under it ...