LN Acquisition Corporation acquires Reelcraft Industries
LN Acquisition Corp., a Harbour Group company, said it has acquired Reelcraft Industries, Inc. Terms of the transaction were not disclosed.
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Reelcraft Industries, Inc., (www.reelcraft.com) is the world’s largest manufacturer of spring-driven hose, cord, and cable reels used in industrial, automotive, aerospace, military and specialty applications. The company is seen as an industry leader in product quality, customer service, and innovation.
Based in Columbia City, Ind., Reelcraft also has facilities in Canada, England and China.
Walt Sterneman, president of Reelcraft, will continue to lead the business after the transaction. Reelcraft joins Lincoln Industrial and Alemite within LN Acquisition.
LN Acquisition Corp. designs and manufactures a broad range of automated lubrication systems, dispensing equipment for high viscosity materials and related products for a variety of industrial, commercial, and consumer applications. Based in St. Louis, the company serves its customer base from eight manufacturing facilities, seven technical support centers, and four research centers located throughout North America, Europe and Asia.
Harbour Group, a privately owned company based in St. Louis, and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products, including automotive enthusiast products.
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