KAI

Kadant Inc. (NASDAQ:KAI) is a Massachusetts-based industrial equipment manufacturer founded in 1991 and publicly traded since 1992. Originally incorporated as Thermo Fibertek Inc., the company changed its name to Kadant Inc. in July 2001. Over more than three decades, Kadant has evolved into a global supplier of specialized technologies and engineered systems, serving industrial customers worldwide with a focus on fluid handling, industrial processing, and material handling equipment. The company has built its reputation through strategic acquisitions and organic growth, developing a strong aftermarket parts business that now represents approximately two-thirds of its total revenue.