Kadant Nordic combines Scandinavian operations
Kadant Nordic AB, a subsidiary of Kadant Inc., announced that it has combined Kadant Johnson Scandinavia AB and Kadant M-Clean AB and will operate these businesses under the name of Kadant Nordic AB. Kadant Nordic AB offers Kadant’s Fluid-Handling and Doctoring, Cleaning, & Filtration product lines to the paper and other process industries in Sweden, Finland, Denmark, Iceland, and Norway.
Joakim Östling, managing director of Kadant Johnson Scandinavia, has been appointed managing director of Kadant Nordic, and Daniel Strom, sales manager at Kadant M-Clean, has been appointed sales director at Kadant Nordic. The company’s primary office will be located in Huskvarna, Sweden with sales and service personnel located throughout the Nordic region.
Kadant Nordic AB, based in Huskvarna, Sweden, is a leading provider of paper machine fabric and roll cleaning systems. Its fluid-handling products and systems are used in papermaking and other industrial processes to enhance process efficiency and optimize energy utilization.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with revenues of $402 million in fiscal 2014 and 1,800 employees in 18 countries worldwide.
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our products and technologies. Our actual results may differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s quarterly report on Form 10-K for the year ended January 3, 2015 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenue from large capital equipment and systems projects; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; our customers’ ability to obtain financing for capital equipment projects; changes in government regulations and policies; the oriented strand board market and levels of residential construction activity; development and use of digital media; price increases or shortages of raw materials; dependence on certain suppliers; international sales and operations; disruption in production; our acquisition strategy; our internal growth strategy; competition; soundness of suppliers and customers; our effective tax rate; future restructurings; soundness of financial institutions; our debt obligations; restrictions in our credit agreement; loss of key personnel; reliance on third-party research; protection of patents and proprietary rights; failure of our information systems or breaches of data security; fluctuations in our share price; and anti-takeover provisions. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.