Kadant Corporate

News & Events

News Releases

October 15, 2001 at 12:00 AM EDT
Thermo Fibertek Announces Details of Spinoff
WALTHAM, Mass., Jul 10, 2001 /PRNewswire/ -- Thermo Fibertek Inc. (Amex: TFT) announced today that the board of directors of Thermo Electron Corporation (NYSE: TMO), which owns approximately 91 percent of Thermo Fibertek common stock, has approved the spinoff of Thermo Fibertek as a dividend to
September 24, 2001 at 9:55 AM EDT
Kadant to Buy its Own Securities
WALTHAM, Mass., Sep 24, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE: KAI) announced today that its board of directors has authorized the repurchase, through September 24, 2002, of $50 million of its own debt and equity securities in the open market, or in negotiated transactions.
August 8, 2001 at 12:00 AM EDT
Kadant Shares Distributed in First Thermo Electron Spinoff
WALTHAM, Mass., Aug. 8 /PRNewswire/ -- Kadant Inc. (Amex: KAI - news ), formerly Thermo Fibertek Inc., becomes Thermo Electron's first spinoff today with the distribution by Thermo Electron of all the Kadant shares it owns as a dividend to Thermo Electron shareholders of record on July 30, 2001.
July 19, 2001 at 12:00 AM EDT
Kadant Announces Second Quarter Results and Provides Guidance for 2001 and 2002
WALTHAM, Mass., July 19 /PRNewswire/ -- Kadant Inc. (Amex: KAI - news ), formerly known as Thermo Fibertek Inc., today reported net income of $2.4 million, or $.20 per diluted share, for the quarter ended June 30, 2001, compared with $3.9 million, or $.32 per diluted share, for the same period last
July 17, 2001 at 12:00 AM EDT
Kâdant Adopts Shareholder Rights Plan
WALTHAM, MA, July 17, 2001 – Kâdant Inc. (ASE:KAI) announced today that its board of directors has adopted a shareholder rights plan. Under the plan, one right will be distributed as of the close of business on August 6, 2001, on each share of Kâdant common stock outstanding at that time.
June 20, 2001 at 9:27 AM EDT
Thermo Fibertek Appoints John Albertine to Board of Directors
WALTHAM, Mass., June 20 /PRNewswire/ -- Thermo Fibertek Inc. (Amex: TFT) has appointed Dr. John M. Albertine, age 57, a director of the company. Dr. Albertine is an executive officer of High Street(TM) Capital Management, L.L.C., a financial management partnership, and chief executive officer of
May 7, 2001 at 12:00 AM EDT
Thermo Fibertek Announces Management Changes
WALTHAM, Mass., May 7, 2001 – Thermo Fibertek Inc. (ASE:TFT) today announced a number of changes in its senior management. Effective immediately, Edward J. Sindoni has been named senior vice president of the company, with responsibility for its papermaking accessories and water-management
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