News & Events

WALTHAM, Mass., July 12, 2001 – Thermo Fibertek Inc. (ASE:TFT) has officially changed its corporate name to Kâdant Inc., effective today at 9 a.m. EDT, as previously announced. Securities of Kâdant will begin trading under the ticker symbol “KAI” on the American Stock Exchange.

WALTHAM, Mass., Jul 10, 2001 /PRNewswire/ -- Thermo Fibertek Inc. (Amex: TFT) announced today that the board of directors of Thermo Electron Corporation (NYSE: TMO), which owns approximately 91 percent of Thermo Fibertek common stock, has approved the spinoff of Thermo Fibertek as a dividend to

WALTHAM, Mass., Sep 24, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE: KAI) announced today that its board of directors has authorized the repurchase, through September 24, 2002, of $50 million of its own debt and equity securities in the open market, or in negotiated transactions.

WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 24, 2001--Thermo Fibergen Inc. (ASE:TFG) announced today that, as a result of the events of Tuesday, September 11, 2001, it has extended the expiration date for the final redemption period of its common stock redemption rights until 5:00 p.m., New York City

WALTHAM, Mass., Aug. 8 /PRNewswire/ -- Kadant Inc. (Amex: KAI - news ), formerly Thermo Fibertek Inc., becomes Thermo Electron's first spinoff today with the distribution by Thermo Electron of all the Kadant shares it owns as a dividend to Thermo Electron shareholders of record on July 30, 2001.

BEDFORD, Mass., July 19 /PRNewswire/ -- Thermo Fibergen Inc. (Amex: TFG - news ), a subsidiary of Kadant Inc. (Amex: KAI - news ), today reported revenues of $2,046,000 for the quarter ended June 30, 2001, compared with $1,746,000 for the same period in 2000.

WALTHAM, Mass., June 19, 2001 – Thermo Fibertek Inc. (ASE:TFT) announced that it will officially change its name to Kâdant Inc. on Thursday, July 12, 2001, at 9 a.m. EDT. At that time, Kâdant will begin trading under the ticker symbol “KAI” on the American Stock Exchange.

WALTHAM, Mass., July 19 /PRNewswire/ -- Kadant Inc. (Amex: KAI - news ), formerly known as Thermo Fibertek Inc., today reported net income of $2.4 million, or $.20 per diluted share, for the quarter ended June 30, 2001, compared with $3.9 million, or $.32 per diluted share, for the same period last

WALTHAM, MA, July 17, 2001 – Kâdant Inc. (ASE:KAI) announced today that its board of directors has adopted a shareholder rights plan. Under the plan, one right will be distributed as of the close of business on August 6, 2001, on each share of Kâdant common stock outstanding at that time.

WALTHAM, Mass., June 20 /PRNewswire/ -- Thermo Fibertek Inc. (Amex: TFT) has appointed Dr. John M. Albertine, age 57, a director of the company. Dr. Albertine is an executive officer of High Street(TM) Capital Management, L.L.C., a financial management partnership, and chief executive officer of