# Reel Power Industrial acquires Novatec's downstream extrusion line

Reel Power Industrial Inc. has acquired the downstream equipment products for extrusion lines from Novatec, Inc. The acquisition allows Reel Power to offer a turn-key downstream package and Novatec to focus on its core conveying, drying and moisture equipment.

- Type: Acquisition
- Announced: 2024-09-02
- Where: Oklahoma City, OK, United States
- Status: announced
- Products: downstream extrusion equipment, pullers, cutters, cooling tanks
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Reel Power Industrial](https://endata.com/companies/79561.md) (acquirer)
- [Novatec](https://endata.com/companies/79562.md) (partner)
- [Novatec](https://endata.com/companies/79562.md) (target)

## Sources

- [reelpowerind.com](https://www.reelpowerind.com/news/reel-power-industrial-acquires-novatecs-downstream-extrusion-line-equipment), 2024-09-02: "This acquisition allows Reel Power Industrial, inc., to provide a turn-key downstream package to customers, one that increases the automation offering for improved productivity."
- [prnewswire.com](https://www.prnewswire.com/news-releases/reel-power-industrial-acquires-novatecs-downstream-extrusion-line-equipment-302242649.html), 2024-09-09: "This 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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.