M&A Deal Summary |
|
|---|---|
| Date | 2024-09-11 |
| Target | Novatec - Downstream Equipment Products |
| Sector | Manufacturing |
| Buyer(s) | Reel Power International |
| Sellers(s) | Novatec |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1973 |
| Sector | Machinery |
Reel Power International is a manufacturer of specialty, proprietary, branded material handling equipment used in the manufacturing and handling of wire, cable, hose, pipe, tube, and other flexible materials. End-users include cable and wire manufacturers and distributors, and equipment manufacturers that incorporate Reel Power components into their products (e.g., construction, mining, and drilling equipment manufacturers). Reel Power services the oil and gas, marine, telecom, power, hose, pipe, tube, and wire rope industries. Reel Power International was founded in 1973 and is based in Oklahoma City.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Manufacturing) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-01 |
Radoil
Houston, Texas, United States Radoil, Inc. designs and manufactures offshore and oilfield products. |
Buy | - |
Novatec is a manufacturer of resin dryers for the plastics industry. Novatec is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
