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LN Acquisition Corp. Acquires Reelcraft

LN Acquisition Corp., St. Louis, MO, a Harbour Group company, has acquired Reelcraft Industries, Inc., Columbia City, IN.
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Reelcraft Industries, Inc., is a manufacturer of spring-driven hose, cord, and cable reels for use in industrial, automotive, aerospace, military and specialty applications.
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Reelcraft has facilities in the U.S., Canada, England and China. President Walt Sterneman will continue to lead the business after the transaction.
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Reelcraft will join Lincoln Industrial and Alemite within LN Acquisition.
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Bart Aitken, CEO of LN Acquisition, said: We don't expect the marketplace to see significant changes; Lincoln, Alemite and Reelcraft will continue to market their products through their respective sales channels and ...

LN Acquisition Corp., St. Louis, MO, a Harbour Group company, has acquired Reelcraft Industries, Inc., Columbia City, IN.
&nbsp ;
Reelcraft Industries, Inc., is a manufacturer of spring-driven hose, cord, and cable reels for use in industrial, automotive, aerospace, military and specialty applications.
&nbsp ;
Reelcraft has facilities in the U.S., Canada, England and China. President Walt Sterneman will continue to lead the business after the transaction.
&nbsp ;
Reelcraft will join Lincoln Industrial and Alemite within LN Acquisition.
&nbsp ;
Bart Aitken, CEO of LN Acquisition, said: We don’t expect the marketplace to see significant changes; Lincoln, Alemite and Reelcraft will continue to market their products through their respective sales channels and will continue to focus on what has made them successful -doing what is best for the customer, and doing it right the first time.
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LN Acquisition Corp. designs and manufactures automated lubrication systems, dispensing equipment for high viscosity materials and related products for a variety of industrial, commercial, and consumer applications. The company serves its global customer base from eight manufacturing facilities, seven technical support centers, and four research centers located throughout North America, Europe and Asia.
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Harbour Group, a privately owned company based in St. Louis, and its operating companies manufacture and distribute a wide variety of consumer and industrial products. In addition to lubricating systems and equipment, current offerings include automotive enthusiast products, abrasives, diamond cutting products and related tools, specialty LED lighting products, linear actuators and switches, entertainment products, auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has completed 152 acquisitions in 32 industries.

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