Kadant has bolstered its bulk materials offering after acquiring KWS Manufacturing Company in a multi-million-dollar deal.
The company confirmed the details of its $84 million ($US) deal for conveyor equipment manufacturer KWS which has dealings in food, chemicals and wood industries.
“We are pleased to welcome our colleagues from KWS to the Kadant family,” said Jeffrey L. Powell, president and chief executive officer of Kadant.
“Our acquisition of KWS expands our respective product portfolios and enhances our internal capabilities.
“With our shared focus on bringing highly engineered customer solutions to process industries and our past successes working together, we believe KWS is an excellent fit with Kadant.”
Texas-based KWS employs 165 people with a revenue of $45 million in the past 12 months to September 30, 2023. It adds to Kadant’s wide ranging business, specialising on process industries, employing 3,400 in 20 countries worldwide.
“We are proud of the leading position KWS has established in the screw conveyor market. Our reputation for quality products and excellent service fits well with Kadant’s culture and values,” KWS president William C. Mecke said.
“We look forward to being a part of Kadant and leveraging opportunities to increase value for our customers and other stakeholders.”