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Kadant to Buy Its Own Securities
Westford, Massachusetts, USA, 02 May 2007 --(BUSINESS WIRE)-- Kadant Inc. (NYSE:KAI) announced today that its board of directors has authorized the repurchase of up to USD 20 million of its equity securities effective 02 May 2007 through 02 May 2008.

Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of company management and will be based on market conditions and other corporate considerations, including limitations contained in our credit agreement entered into on 09 May 2005, as subsequently amended. Through 02 May 2007, under the existing authorization, the company has repurchased 508,500 shares of its common stock for an aggregate purchase price of approximately USD 12 million.

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 are also used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, Kadant produces granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts, with revenues of USD 342 million in 2006 and 2000 employees in 16 countries worldwide. For more information, visit www.kadant.com.


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