Newsletter September 2024

We are excited to announce the latest news that we have acquired the downstream products for extrusion lines from Novatec, Inc., the largest U.S.-based manufacturer of industry-leading drying and conveying equipment for extrusion, injection, blow molding, and food industries.

This acquisition is a strong fit for Reel Power, as we already offer high-quality downstream reeling, coiling, and spooling solutions for several markets. We are now able to provide a turn-key downstream package to customers, one that increases the automation offering for improved productivity.

Reel Power focuses on providing application-specific coiling, reeling, and spooling solutions to prospects needing downstream equipment to solve their line requirements. With the addition of pullers, cutters, and cooling tanks, we are now able to provide to customers a complete downstream solution.

Conrad Bessemer, CEO Novatec & Joe Henry CEO Reel Power Industrial Inc., believe that their respective companies will benefit from this transaction, as it provides each with the ability to improve their overall company's strategic market focus, and to concentrate those efforts on a well-defined, market segmented business models.