Kadant Inc. Acquires Key Knife, Inc.

December 28, 2023

Kadant Inc. has agreed to acquire Key Knife, Inc. and certain affiliates for approximately $156 million in cash, with the deal expected to close in early January 2024. Key Knife, headquartered in Tualatin, Oregon, (141 employees, ~$65M trailing twelve-month revenue) will become part of Kadant's Industrial Processing segment; the acquisition will be financed primarily through borrowings under Kadant's revolving credit facility.

Buyers
Kadant Inc.
Targets
Key Knife, Inc.
Industry
Manufacturing
Location
Oregon, United States
Transaction Type
Buyout

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