Kadant Acquires Balemaster

摘要

Kadant Inc., a technology manufacturer based in Westford, Massachusetts, has acquired Balemaster, a manufacturer of horizontal balers used in the recycling industry that is based in Crowne Point, Indiana. The company acquired Balemaster for $54 million in cash. Balemaster will become part of Kadant’s Material Handling reporting segment. Balemaster’s revenue for the past 12 months ended June 30 was approximately $22 million.