Kadant Acquires J&L Fiber Services’ Screen Cylinder Business
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Kadant Inc., Westford, Mass., USA, this week acquired the screen cylinder product line from J&L Fiber Services Inc., Waukesha, Wis. Acquisition of the screen cylinder product line further extends Kadant’s stock preparation product offerings of screen cylinder products applied to recycled fiber lines, thick stock, broke, and other aggressive applications.
"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," said Jonathan W. Painter, president and CEO of Kadant. "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 rebuildable screen cylinders for challenging fiber processing applications.
"The acquired screen cylinder product line has historical annual sales of approximately $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," Painter noted.
