Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of voestalpine BÖHLER Profil GmbH & Co KG and voestalpine BÖHLER Profil VerwaltungsGmbH.
 

At closing, the company names were changed to Kadant Profil GmbH & Co KG and Kadant Profil Verwaltungs GmbH (collectively, Kadant Profil). The company will continue to operate in its current location in Bruckbach, Austria, as part of Kadant’s Industrial Processing reporting segment.

 

Founded in 1872, Kadant Profil is a manufacturer of customized rolled profiles and industrial knife solutions for demanding industrial applications. A market leader in high-quality profiles, the company specializes in near-net-shape rolling and advanced materials to produce application-specific solutions. Kadant Profil is recognized for its patented processes, strong R&D capabilities, engineering expertise, and customer partnerships.

 

“We are delighted to welcome our colleagues in Bruckbach to the Kadant family,” said Jeffrey L. Powell, president and chief executive officer of Kadant. “Kadant Profil has been a trusted supplier to Kadant for over 30 years, and we value the strong operational discipline and creative solutions it brings to its customers. Its capabilities and manufacturing expertise align with our strategic priorities and further reinforce our commitment to delivering innovative industrial technologies.”

 

“We see Kadant as an ideal home for our business,” said Jörg Wagner, managing director of Kadant Profil. “Joining Kadant expands our access to new markets and strengthens our ability to innovate and grow our capabilities. We look forward to deeper collaboration with Kadant as we expand into new markets and continue delivering the high-performance solutions our customers expect.”