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The acquisition allows Reel Power to provide a turn-key downstream package to customers and allows Novatec to divest certain products to focus on their conveying, drying and moisture equipment offering.
Oklahoma City, OK, September 3, 2024 ... Novatec, Inc., the largest U.S.-based manufacturer of industry-leading drying and conveying equipment for extrusion, injection, blow molding and food industries, has agreed with Reel Power Industrial Inc., the leader in the design and build of high precision automated coiling, spooling, and winding equipment, to have Reel Power acquire the downstream equipment products for extrusion lines from Novatec.
1. Can you provide a brief overview of your company and the products/services you'll be showcasing at the event?
Reel Power Industrial is the industry leader in designing and manufacturing precision winding equipment to reel, coil, and spool flexible products. Reel Power provides valued customers with “World Class” application-specific solutions which lower their buying risk, while enhancing their overall manufacturing profitability by improving process throughput, while lowering the cost per unit. We will have equipment on display at the Reel Power booth along with literature and information on our comprehensive line of reeling, coiling and spooling products.
Tough enough for Alaska weather! Reel Power's galvanized and weather proofed HJK3 take-up machine is shown here, operating on the deck of a research vessel in the Beaufort Sea, North of Alaska.
Reel Power is proud to be a part of the current wire rope repair project on the Golden Gate Bridge. Upon its completion in 1937, it was the tallest and longest suspension bridge in the world.
We are announcing some exciting news. Pipe Coil Technology (of Newcastle, UK), a manufacturer of coiling, packaging and handling equipment products, has been acquired by Reel Power Industrial. All PCT intellectual Property has been transferred in this sale.