Kadant Inc (KAI)

[Penny Roger$]

Kadant Inc. is a supplier of equipment used in the worldwide papermaking and paper recycling industries. The Company also manufactures granules made from papermaking byproducts. Through the Company’s Papermaking Systems segment, it develops, manufactures, and markets a range of equipment and products for the worldwide papermaking, paper recycling, and process industries. Through its Fiber-based Products business, it manufactures and sells granules derived from pulp fiber for use as carriers for agricultural, home lawn and garden, and professional lawn, turf and ornamental applications, as well as for oil and grease absorption. During fiscal year ended January 1, 2011, (fiscal 2010), the Company’s Papermaking Systems segment acquired Canadian-based supplier of pressure screen baskets and a related dewatering equipment product line, as well as a European supplier of fluid-handling systems.

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