Kadant Inc. supplies equipment and components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, and related equipment used in the processing of recyclable and waste materials; and fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food. It also offers doctoring systems and equipment, and related consumables to enhance the operation of paper machines; and cleaning and filtration systems for draining, purifying, and recycling process water and cleaning paper machine fabrics and rolls. The Wood Processing Systems segment develops, manufactures, and markets stranders and related equipment used in the production of oriented strand board (OSB), an engineered wood panel product used primarily in home construction. It also sells debarking and wood chipping equipment used in the forest products and the pulp and paper industries; and provides pulping equipment refurbishment and repair services for the pulp and paper industry. The company also manufactures and sells granules for use as carriers for agricultural, home lawn and garden, and professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was founded in 1991 and is headquartered in Westford, Massachusetts.