Employees:
11~50
Year Established:
2006
Business Type:
Manufacturer, Trading Company
Reelcraft products began as the Equipment Corporation, in Delta, Ohio and supplied hose reels to distributors. On June 11, 1943, the assets of Equipment Corporation were acquired by the Wayne Pump Company and moved to Fort Wayne, Indiana. In the early '60s, the company was acquired by Dresser Industries. In 1969, the company was sold by Dresser Industries to Mr. Richard Schaller and Mr. Stan Penn, Jr. It was after this change in ownership that the company was renamed Reelcraft Industries. In 1971, Reelcraft began manufacturing hose reels. Following Richard Schaller's retirement in 1981, Stan Penn became the sole owner and president of Reelcraft Industries.
In 1991, Reelcraft purchased Nordic Systems, of Mississauga, Canada. Nordic Systems manufactured specialty large frame reels. In 2006, Nordic Systems was consolidated into Reelcraft's Columbia City, Indiana facility and continued to manufacture large frame reels under the Reelcraft name.
Stan Penn passed away on January 2, 2004, and the ownership transferred to a corporate trust. On August 16, 2007, Reelcraft Industries, Inc. was acquired by LN Acquisition Corp. a Harbour Group company headquartered in St. Louis, Missouri.
On December 28, 2010, SKF Corporation, a publicly traded company, purchased Lincoln Holdings Enterprise.
Reelcraft joined Madison Industries as of June 30th, 2017.
Madison Industries is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential.
Visit Madison Industries at: www.madison.net.The majority of Reelcraft hose reels deliver fluid and air, with the others designed to coil welding cables, extension, and power cords. Our reels are used to transfer anything from air, water, transmission fluid, grease, oils, antifreeze, diesel fuels, welding gases, liquid pesticides, fertilizers, detergents, solvents, chemicals. Reelcraft has proven itself as a highly innovative company in developing new products for a wide range of markets.
Reelcraft's dedicated workforce, together with the implementation of programs such as Lean Manufacturing, have contributed to Reelcraft becoming the industry leader for manufacturing reels in the United States and worldwide. Reelcraft is ISO 9001:2015 Quality Certified since 1996, with quality built into processes throughout our entire organization, including the design, manufacture, and assembly of our hose reels, cord reels, and cable reels.
