Expands Flow Control Segment with Fluid Rotary Union ManufacturerWESTFORD, Mass., June 03, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of Dynamic Sealing Technologies LLC and affiliates (“DSTI”) for approximately $55 million in cash, subject to certain customary adjustments. The acquisition was financed through borrowings under Kadant's revolving credit facility. DSTI is a leader in engineered fluid sealing and transfer solutions for rotating
Kadant Inc. ( NYSE:KAI ), is not the largest company out there, but it saw significant share price movement during...
Kadant (KAI) rewards shareholders with a share buyback program worth $50 million.