On August 23, 2021 us time, kadant Inc. (NYSE: Kai) announced that it had completed the merger and acquisition of balemaster, a famous packaging mechanism manufacturer in the United States.
Balemaster is a leading manufacturer of horizontal packers and related equipment in the United States. It produces heavy-duty and high-performance horizontal packers, shredders, shredders, balers and piercers. It is mainly used for packaging waste recycling in corrugated box factories and large retail and distribution centers. It can meet almost any waste management and recycling requirements. It is a global leader in automatic packer technology.
“The merger and acquisition of balemaster has expanded our influence in the field of secondary processing of recycled materials and created new opportunities for us to produce high-performance packers in Europe,” said Jeffrey L. Powell, President and CEO of kaiden. “Balemaster’s leading position in the North American market and its strong spare parts service business are very consistent with kaiden. We are pleased to welcome balemaster’s employees to the kaiden family. “
“We are proud of the strong brand and market position established by balemaster in the past 75 years,” said cornel Raab, President of balemaster. “Kaideng is a world-class company with similar culture and values to our enterprise. We continue to emphasize excellent technology, high-quality packer manufacturing and product innovation, Ensure that our customers get the best packers and other automated waste treatment equipment in the industry, provide longer service life and excellent return on investment, and believe that Kaideng is an ideal home for our company and employees. “
Kaiden acquired Paal, a famous German packer supplier, in 2016. Founded in 1854, Paal is a leader in high-performance packer and material conveying technology and market in Europe.
About kaiden
Kaiden company provides global manufacturing industry with systems and equipment based on advanced technology and high added value. Its products, technologies and services can help customers comprehensively improve production efficiency, optimize equipment performance, reduce energy consumption and improve productivity. Headquartered in Massachusetts, kaiden has 2600 employees in 20 countries around the world.
Post time: Sep-06-2021