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.