M&A Deal Summary

Kadant Acquires Key Knife

On December 28, 2023, Kadant acquired manufacturer Key Knife for 156M USD

Acquisition Highlights
  • This is Kadant’s 2nd transaction in the Manufacturing sector.
  • This is Kadant’s 3rd largest (disclosed) transaction.
  • This is Kadant’s 4th transaction in the United States.
  • This is Kadant’s 1st transaction in Oregon.

M&A Deal Summary

Date 2023-12-28
Target Key Knife
Sector Manufacturing
Buyer(s) Kadant
Deal Type Add-on Acquisition
Deal Value 156M USD

Target

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.

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Buyer(S) 1

Buyer

Kadant

Westford, Massachusetts, United States

Category Company
Founded 1991
Sector Machinery
Employees3,100
Revenue 1.1B USD (2024)
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 7 of 10
Sector: Manufacturing M&A 2 of 3
Type: Add-on Acquisition M&A Deals 6 of 9
State: Oregon M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2023 M&A 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 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.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-24 KWS

Burleson, Texas, United States

KWS is a designer and manufacturer of conveying equipment for the bulk material handling industry. The company's products are marketed globally to end users, power transmission distributors, engineering firms, system suppliers, and original equipment manufacturers (OEMs). Formed in 1972, KWS' corporate office and manufacturing facilities are located in Burleson, Texas (convenient to the Dallas/Fort Worth Metroplex).

Buy $84M