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BRIEF-Kadant to acquire NII FPG Co's forest products business
May 30, 2017 / 8:41 PM / 4 months ago

BRIEF-Kadant to acquire NII FPG Co's forest products business

May 30 (Reuters) - Kadant Inc:

* Kadant to acquire NII FPG company’s forest products business

* Kadant - deal for ‍$173 million in cash​

* Kadant - ‍it has increased its revolving credit facility to $300 million from $200 million​

* Kadant - intends to finance transaction through borrowings under revolving credit facility

* Kadant - ‍forest products business of NII FPG company includes two primary manufacturing facilities​ Source text for Eikon: Further company coverage:

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