Kadant Acquires Dynamic Sealing Technologies [Yahoo! Finance]
Kadant Inc (KAI)
Last kadant inc earnings: 4/29 04:34 pm
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US:NYSE Investor Relations:
investor.kadant.com/investor-overview
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Source: Yahoo! Finance
WESTFORD, 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 applications. The company specializes in the design, manufacture, and integration of fluid rotary unions, electrical slip rings, and value-added products used to transfer hydraulic fluid, water, air, and other liquids and gases in a variety of industrial processes. With its primary operations in Andover, Minnesota, the company employs approximately 90 people, serving customers in numerous industries including defense, energy, medical, and factory automation. DSTI had revenue of approximately $25 million for the trailing twelve months ended March 31, 2024
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News
- A Valuation of USD 4,697.5 million to be acquired by the Global Gas Jet Compressor Market by 2034 | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Kadant Inc. (NYSE: KAI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $360.00 price target on the stock.MarketBeat
- Kadant: Growing E-Commerce, A Circular Economy, And Acquisition Of Dynamic Sealing Technologies [Seeking Alpha]Seeking Alpha
- Kadant Inc. (NYSE: KAI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $360.00 price target on the stock.MarketBeat
- Kadant Acquires Dynamic Sealing TechnologiesGlobeNewswire
KAI
Earnings
- 4/30/24 - Beat
KAI
Sec Filings
- 6/4/24 - Form 4
- 6/3/24 - Form 8-K
- 6/3/24 - Form 4
- KAI's page on the SEC website