Oklahoma City — Maxcess International Corp., a major manufacturer of products for the web handling industry, has sold REM Manufacturing's REM line, a maker of slitters/rewinders, to Associated Machine Design Inc.
Associated Machine Design is in Green Bay, Wis. The company makes paper finishing equipment including winders, reels, unwinders, calenders, roll handling equipment and other specialty products for serving the pulp, paper, tissue, board and non-woven markets.
Terms were not disclosed.
Maxcess merged with Webex in 2014. Webex had acquired the REM business four years earlier. Now Maxcess has sold all assets, intellectual property and the brand. Associated Machine is handling all quote requests, including for new machines, rebuilding and parts.
Jeff Taylor, CEO of Associated Machine Design, called REM “a proven slitter rewinder system with a solid customer base.”
Maxcess CEO Greg Jehlik said: “The divesture of REM is consistent with our desired focus on being a one-stop-shop for web handling components.”
Maxcess is owned by Bertram Capital Management LLC, a private equity fund based in California. Its brands include Valley Roller, Webex, Fife, Tidland and Magpowr.