Website: N/A
Stock Symbol: NYSE: KAI
Market Value: N/A (in millions)
successor-in-interest to several papermaking equipment businesses of Thermo
Electron Corporation (Thermo Electron). In November 1992, we completed an
initial public offering of a portion of our outstanding common stock. On
July 12, 2001, we changed our name to Kadant Inc. from Thermo Fibertek Inc. In
August 2001, Thermo Electron disposed of its remaining equity interest in Kadant
by means of a stock dividend to its shareholders. Our common stock is listed on
the New York Stock Exchange, where it trades under the symbol “KAI.”
The terms “we,” “us,” “our,” “Registrant,” or “Company” in this Report refer to
Kadant Inc. and its consolidated subsidiaries.
Description of Our Business
We are a leading supplier of equipment used in the global papermaking and paper
recycling industries and also a manufacturer of granules made from papermaking
byproducts.