Newman Machine Company, LLC., Division of INCOMPASS

Newman Machine Company is a pioneering force in the woodworking machinery industry, with a rich history dating back to its establishment in 1907 by George F. Newman. The company's early innovations, including the creation of a lathe mill and bolter to meet the high demand for wood lathes, set the stage for its rapid success. The introduction of the No. 8, a four-sided planer and matcher, and later the No. 97, a larger planer and matcher, contributed to its widespread adoption in the industry. A significant breakthrough came post-World War I when Newman designed the industry’s first planer and matcher with ball bearings, revolutionizing the woodworking machinery landscape. This pivotal shift not only enhanced product quality but also led to cost savings within the industry. Furthermore, in 1926, the company introduced advanced direct motor-driven electric molders, further solidifying its position as a leader in woodworking equipment. The company's growth trajectory was momentarily interrupted by the events of World War II, during which the majority of production was dedicated to supporting the armed services. However, post-war, Newman Machine Company swiftly resumed its operations, showcasing resilience and dedication to its industry. Over the subsequent 15 years, the company's production exceeded 5,000 heavy-duty woodworking machines, underscoring its commitment to continuous innovation and leadership. Overall, Newman Machine Company's longstanding legacy and ongoing commitment to advancing woodworking machinery make it a compelling prospect for investors seeking opportunities in the manufacturing industry.