Apr 18, 2013. /Lesprom Network/. Kadant Inc. has completed the acquisition of Companhia Brasileira de Tecnologia Industrial (CBTI) for approximately BRL 16 million ($8 million) in cash. CBTI is a long-time licensee of Kadant’s doctoring, cleaning, filtration, and stock-preparation products and is also a supplier of industrial drying systems, as the company said in a press release received by Lesprom Network. 

“I’m delighted that CBTI has joined Kadant,” said Jonathan W. Painter, president and CEO of Kadant Inc. “The acquisition of CBTI significantly increases our presence in the important South American market and advances our overall strategy of expanding in the faster growing developing economies where per capita usage of paper products is relatively low. We’ve had a productive and rewarding relationship with CBTI for over three decades, and I look forward to continuing to work with the CBTI management team in the years to come.”

CBTI, based in Valinhos, Sao Paulo, was founded in 1982 and is a well-established supplier to the pulp and paper and other industries in Brazil, Chile and Argentina.

Kadant Inc. is a leading supplier to the global pulp and paper industry.