Kadant Inc. completed acquisition of certain assets of Unaflex, LLC for $31 million in cash, subject to a post-closing adjustment, as the company said in the press release received by Lesprom Network.
Unaflex is a leading manufacturer of expansion joints and related products for process industries. Expansion joints, also known as compensators, are used in industrial piping systems to absorb thermal movement.
“Our acquisition of the Unaflex business, a leader in the design and manufacture of elastomeric, metal, and fabric expansion joints, will broaden our product portfolio offered to process industries that require critical components for maximum uptime and operational efficiency,” said Jonathan Painter, president and CEO of Kadant Inc. “With parts and consumables making up virtually all the company’s revenue stream, it fits well with our strategy of growing our aftermarket business and we expect the company to be a solid addition to our Fluid-Handling product line.”
Kadant Inc. is a global supplier of high-value, critical components and engineered systems.
