Kadant on 03 November 2014 completed the acquisition of screen cylinder business from J&L Fiber Services.
“The acquired screen cylinder product line has historical annual sales of approximately USD 10 million. Once we have integrated this business into our Stock-Preparation product line, we expect it to have adjusted EBITDA margins of approximately 20% in 2015,” said, Jonathan Painter, President and CEO, Kadant.
The acquisition will enable Kadant to extend its stock-preparation product offerings of screen cylinder products applied to recycled fiber lines, thick stock, broke, and other aggressive applications.
Painter added, “The addition of J&L Fiber Services’ screen cylinders to our Stock-Preparation product line advances our strategic initiative to grow our parts and consumables business.”
“Screen cylinders are the most important consumable for stock preparation systems, and this bolt-on product line acquisition serves to deepen our product offerings and we believe will benefit our customers who require rugged and re-buildable screen cylinders for challenging fiber processing applications,” explained Painter.
