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Reel Power Acquires Novatec’s Downstream Products to Enhance Automation Solutions

Author

Slice of Manufacturing Team
September 16, 2024

Key Highlights:

  • Reel Power acquires Novatec Inc.'s downstream equipment products for extrusion lines.

  • The acquisition expands Reel Power's turnkey automation solutions.

  • Praesidian Capital supports this strategic acquisition after its November 2023 investment.

  • Novatec divested to focus on core upstream drying and conveying solutions.

Source: PR Newswire

Notable Quote:

❝

"We are thrilled with Reel Power's recent acquisition, which enhances the company's ability to serve key markets with comprehensive downstream offerings."

Jason Drattell, Founder at Praesidian Capital

Our Take:

Reel Power’s acquisition of Novatec’s downstream products signals a strategic move towards creating a more integrated and automated solution for extrusion lines. By expanding its portfolio, Reel Power positions itself as a comprehensive provider of reeling, coiling, and now downstream solutions, strengthening its competitive edge. This acquisition, supported by Praesidian Capital, aligns with broader industry trends favoring automation and efficiency, and it will likely increase Reel Power’s market penetration across various sectors.