AUBURN, Mass., July 30, 2024 – Kadant Solutions, a division of Kadant Inc. (NYSE: KAI), has been awarded a Workforce Training Fund grant from the Commonwealth of Massachusetts. The grant will provide financial support for organizational development and training programs across various functions at the company.

“We are partnering with MassMEP to deliver training in lean manufacturing, front-line leadership, basic manufacturing skills, workplace organization and safety, and more,” stated Dennis McGugan, director of operations at Kadant Solutions. “The Workforce Training Fund grant supports our goal of investing in our employees through multiple training opportunities focused on workforce development. Providing these learning and development opportunities will enable our team to grow and strengthen our company.”

With the support of this grant, Kadant Solutions expects to enhance workforce skills and knowledge, increase employee engagement and retention, create more efficient processes, lower operational costs, and enhance safety and compliance. “Talent development enables employees to provide higher quality products and services, leading to increased customer satisfaction and loyalty,” according to Vicki Hunsberger, senior manager of marketing and organizational development at Kadant Solutions.

This project is funded by a Workforce Training Fund grant from the Commonwealth of Massachusetts, Executive Office of Labor and Workforce Development. The grant program is administered by Commonwealth Corporation.

About Kadant Solutions

Kadant Solutions, based in Auburn, Massachusetts, is a leading supplier of doctor blades, doctor blade holders, and doctoring systems for papermaking and other industrial processes. The company’s cleaning and conditioning products are applied to the cleaning of forming and press fabrics and the filtration of process water as well as engineered wet-end products for papermaking.

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 www.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.