Kadant Inc (KAI)

[AISI304]

Kadant Expands PAAL Business into North America 1/26/17

http://investor.kadant.com/phoenix.zhtml?c=89087&p=irol-newsArticle&ID=2240057

Awarded First US Order for Channel Baler

Appoints Distributor for Material Recycling Market in U.S. and Canada

WESTFORD, Mass.--(BUSINESS WIRE)--Jan. 26, 2017-- Kadant Inc. (NYSE:KAI) announced today it has appointed Bulk Handling Systems (BHS) as the exclusive distributor of its high-performance balers to material recycling facilities in the U.S. and Canada. Through BHS, Kadant has been awarded its first U.S. order for a channel baler to be installed at the regional waste recovery facility in Monterey, California.

The appointment of BHS represents another important step in Kadant’s strategy to drive revenue synergies following its April 2016 acquisition of PAAL GROUP, the leading European manufacturer of horizontal balers used to process both recyclable materials, including paper and plastics, and non-recyclable materials such as treated household/commercial waste and agricultural products.

“We are pleased to be entering this segment of the North American recycling market with BHS, a leader in the design and manufacture of large scale sorting systems. Our high quality, German-engineered balers are uniquely aligned with BHS’ commitment to performance and quality. We are honored that Kadant’s first U.S. baler will be part of the advanced materials recovery facility BHS is constructing in Monterey, California. This facility will be operated by the Monterey Regional Waste Management District, an award-winning 65-year-old operation recognized as one of the best solid waste systems in North America,” said Jonathan Painter, president and chief executive officer of Kadant Inc.

“We believe Kadant’s channel baler offers our customers a combination of cutting-edge technology and performance that is uniquely well suited to the needs of sophisticated, large-scale recycling facilities. We look forward to partnering on future projects that require efficient, high-quality equipment,” noted Steve Miller, chief executive officer of BHS.

Kadant will debut its balers in the U.S. market at the Waste Expo 2017, which takes place in New Orleans May 9-11.

About Kadant

Kadant Inc. (NYSE:KAI) is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with 2,000 employees in 18 countries worldwide. For more information, visit www.kadant.com.

About Bulk Handling Systems (BHS)

Headquartered in Eugene, Oregon, BHS is a worldwide leader in the innovative design, engineering, manufacturing, and installation of sorting systems and components for the solid waste, recycling, waste-to-energy, and construction and demolition industries. Wholly-owned subsidiaries include Nihot, NRT, and Zero Waste Energy. For more information, visit www.bulkhandlingsystems.com.

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Source: Kadant Inc.

Kadant Inc.

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