Kadant Acquires Screen Cylinder Product Line from J&L Fiber Services
The acquisition will further extend Kadant's stock-preparation product offerings of screen cylinder products applied to recycled fiber lines, thick stock, broke, and other aggressive applications.
Nov. 4, 2014 - Kadant Inc. announced that it has completed the acquisition of the screen cylinder product line from J&L Fiber Services, Inc. The deal will further extend Kadant’s stock-preparation product offerings of screen cylinder products applied to recycled fiber lines, thick stock, broke, and other aggressive applications.
“The addition of J&L Fiber Services’ screen cylinders to our Stock-Preparation product line advances our strategic initiative to grow our parts and consumables business,” said Jonathan W. Painter, president and chief executive officer of Kadant Inc.
“Screen cylinders are the most important consumable for stock preparation systems, and this bolt-on product line acquisition serves to deepen our product offerings and we believe will benefit our customers who require rugged and rebuildable screen cylinders for challenging fiber processing applications," Painter explained.
“The acquired screen cylinder product line has historical annual sales of approximately $10 million. Once we have integrated this business into our Stock-Preparation product line, we expect it to have adjusted EBITDA margins of approximately 20% in 2015," Painter added.
Kadant Inc. is a leading supplier to the global pulp and paper industry. The company's stock-preparation; fluid-handling; and doctoring, cleaning, and filtration products are designed to increase efficiency and improve quality in pulp and paper production. For more information, visit www.kadant.com..
SOURCE: Kadant Inc.