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Technical Side
Kadant Suit Dismissed
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Westford, Massachusetts, USA, 20 November 2008 --- (BUSINESS WIRE) --- Kadant Inc. (NYSE:KAI) announced today that the United States District Court for the District of Massachusetts granted motions to dismiss all claims against it and the other defendants in a purported class action lawsuit relating to decking and railing products manufactured by Kadant Composites LLC between April 2002 and October 2003. The complaint, originally filed in December 2007, alleged that these products were defective, and claimed, among other things, causes of action for unfair and deceptive trade practices, fraud, negligence, breach of warranty, and unjust enrichment.

"We are gratified that the court dismissed all of the claims against our company at such an early stage of the proceedings," said William A. Rainville, chairman and chief executive officer of Kadant.

Kadant Inc. is a leading supplier to the global pulp and paper industry, with a range of products and services for improving efficiency and quality in pulp and paper production, including paper machine accessories and systems for stock preparation, fluid handling, and water management. The company's fluid-handling products also are used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, Kandant produce granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts, and had revenues of USD 366 million in 2007 and 2000 employees in 16 countries worldwide. For more information, visit www.kadant.com.

 


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