05:08 PM EDT, 10/07/2025 (MT Newswires) -- Kadant ( KAI ) said late Tuesday it closed the acquisition of Clyde Industries and its affiliates for $175 million in cash.
The transaction was primarily financed through borrowings under Kadant's ( KAI ) revolving credit facility.
Clyde Industries will become part of Kadant's ( KAI ) Industrial Processing segment, the company said.