CROWN POINT, Ind., October 23, 2024 – East Chicago Machine Tool Corporation d/b/a Balemaster, a subsidiary of Kadant Inc. (NYSE: KAI), has been inducted into the Indiana Manufacturers Association (IMA) 2024 Manufacturers Hall of Fame.

“It is a great honor to be welcomed into the IMA 2024 Manufacturers Hall of Fame,” stated George Orenchak, president of Balemaster. “Our focus on engineering excellence, quality manufacturing, and innovation aligns with Indiana Manufacturers Association’s focus on long-term investment and growth in our state’s manufacturing sector.”

Formed in 1901, the Indiana Manufacturers Association is the second oldest manufacturers association in the country and the only trade association in Indiana that exclusively focuses on manufacturing.

About Balemaster Balemaster is a leading U.S. manufacturer of high-quality horizontal balers and related equipment engineered to recycle packaging waste from corrugated box plants and large retail and distribution centers. Founded in 1946, the company has commissioned thousands of balers and shredders worldwide. For more information visit Balemaster.com.

About Kadant Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,500 employees in 20 countries worldwide. For more information, visit kadant.com.

Safe Harbor Statement

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 customers, products, operations, and markets. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to 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 annual report on Form 10-K for the fiscal year ended December 30, 2023 and subsequent filings with the Securities and Exchange Commission.