M&A Deal Summary

Kadant Acquires Balemaster

On August 23, 2021, Kadant acquired machinery company Balemaster for 54M USD

Acquisition Highlights
  • This is Kadant’s 3rd transaction in the Machinery sector.
  • This is Kadant’s 6th largest (disclosed) transaction.
  • This is Kadant’s 3rd transaction in the United States.
  • This is Kadant’s 1st transaction in Indiana.

M&A Deal Summary
Date 2021-08-23
Target Balemaster
Sector Machinery
Buyer(s) Kadant
Deal Type Add-on Acquisition
Deal Value 54M USD

Target

Balemaster

Crown Point, Indiana, United States
Balemaster is a manufacturer of horizontal balers and related equipment used primarily for recycling packaging waste at corrugated box plants and large retail and distribution centers. Balemaster is based in Crown Point, Indiana.

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Buyer(S) 1

Buyer

Kadant

Westford, Massachusetts, United States
Category Company
Founded 1991
Sector Machinery
Employees3,100
Revenue 958M USD (2023)
DESCRIPTION

Kadant is a provider of rotary sealing devices, precision unions, and steam handling systems to process industries. The Company’s systems division specializes in the engineering, design, and supply of steam systems, controls, and related equipment used to manage steam and condensate flow. Kadant was founded in 1991 and is based in Westford, Massachusetts.

DEAL STATS #
Overall 6 of 9
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 5 of 8
State (Indiana) 1 of 1
Country (United States) 3 of 6
Year (2021) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Clouth Group

Hückeswagen, Germany

Clouth Group is a manufacturer of doctor blades and related equipment used in the production of paper, packaging, and tissue. Clouth Group's product line is doctor blades, coater blades, creping blades, retainer systems, and accessories Clouth Group was founded in 1874 and is based in Hückeswagen, Germany.

Buy €78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 Key Knife

Tualatin, Oregon, United States

Key Knife is a provider of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries. Its products enable wood processing mills to improve fiber recovery, product quality, and maximize production while lowering operating costs. Key Knife was formed in 1986 and is based in Tualatin, Oregon.

Buy $156M
Mergr

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