Novid
Novid Inc. is a Canadian manufacturer of stainless steel (304L/316L) bulk storage tanks and bins for liquid and dry fertilizers, chemicals, and food-grade liquids, serving agricultural retailers, farmers, and industrial processors across North America from its Rosenort, Manitoba facility.
- Company typePrivate
- Founded2003
- HeadquartersMorris, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Novid does
Novid Inc. is a Canadian manufacturer of stainless steel (304L and 316L) bulk storage tanks and bins, headquartered in Rosenort, Manitoba. Founded in 2003, the company serves agricultural retailers, farmers, cooperatives, and industrial chemical processors across North America, supplying flat bottom tanks (2,000-106,000 US gallons), cone bottom tanks (1,000-30,000 US gallons), hopper bottom bins (59-262 metric tonnes), transport tanks, mix tanks, and custom industrial vessels. Its proprietary Diffuser Aeration System (DAS) uses compressed air rather than mechanical agitators to bring stored liquids into suspension, and is factory-installed as standard on flat and cone bottom tanks.
The company operates from a 100% dedicated stainless steel production facility (47,360 sq. ft. on 28 acres) with CWB Division 2 certified welders, double-sided butt-seamed welds, and 100% dye penetrant testing on every tank. Novid runs a direct sales operation alongside a North American dealer network, in-house logistics through wholly-owned subsidiary Novid Transport Inc. (acquired 2018), and provides custom engineering for API 650/620 and UL/ULC certified vessels. Pricing is quote-based, reflecting customization across tank dimensions, steel grade, finish, and configuration.
Revenue comes from one-time unit sales of custom-manufactured tanks and bins, plus ongoing parts, accessories, and DAS retrofit revenue. The product is positioned as a multi-decade asset (30+ year operational lifespan versus 5-8 years for poly or ~7 years for mild steel), with documented repeat-purchase customers including Blair's Fertilizer and Cavalier Agro, each having bought 40+ tanks. The Plett family has held majority ownership since 2015, and the company has no disclosed external institutional investment.
Novid firmographics
Firmographics- Name
- Novid
- Legal name
- Novid Inc.
- Website
- https://novid.ca
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Novid Inc. is a Canadian manufacturer of stainless steel (304L/316L) bulk storage tanks and bins for liquid and dry fertilizers, chemicals, and food-grade liquids, serving agricultural retailers, farmers, and industrial processors across North America from its Rosenort, Manitoba facility.
- Ownership category
- akta.pro rank
Where Novid is headquartered
LocationHeadquarters
- HQ city
- Morris
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Novid business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Stainless Steel Tank Sales: One-time sale of custom-manufactured stainless steel storage tanks and bins. Products include flat bottom tanks (2,000-106,000 US gallons), cone bottom tanks (1,000-30,000 US gallons), hopper bottom bins (59-262 metric tonnes), nurse tanks (3,300 US gallons), hot load tanks (1,600 US gallons), and mix tanks (60-250 US gallons). Tanks are fully customizable with various options and accessories.
- Replacement Parts and Accessories: Sale of replacement parts and accessories including manway gaskets, valves, sight tube components, DAS system parts, plumbing fittings, volume decal kits, and various tank accessories.
- Delivery and Logistics Services: Novid Transport Inc. provides in-house logistics and delivery services for tank deliveries, including route planning, permitting, scheduling, and site coordination. Customer pickup option also available.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Flat Bottom Storage Tanks - Sizes range from 8'-18' diameter, 2,000-106,000 US gallons |
| Unit Pricing | Multi-year contract | Cone Bottom Storage Tanks - Sizes range from 6'-12' diameter, 1,000-30,000 US gallons |
| Unit Pricing | Multi-year contract | Hopper Bottom Bins - 12'-18' diameter, 59-262 metric tonnes capacity |
| Unit Pricing | Multi-year contract | Transport Tanks - Nurse tanks (3,300 US gal) and Hot Load tanks (1,600 US gal) |
| Unit Pricing | Multi-year contract | Mix Tanks - 60-250 US gallons capacity |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Novid product offering
Product offeringCore offering
Novid Inc. manufactures stainless steel storage tanks and bins engineered primarily for bulk liquid and dry fertilizer storage as well as industrial chemical storage. Products include flat bottom tanks (2,000-106,000 US gallons), cone bottom tanks (1,000-30,000 US gallons), transport tanks (nurse and hot load), mix tanks, hopper bottom bins (59-262 metric tonnes), and custom industrial vessels. The company's proprietary Diffuser Aeration System (DAS) provides factory-installed compressed-air mixing, and all tanks are built from 304L or 316L stainless steel with CWB Division 2 certified welding and dye penetrant testing.
Product overview
Novid Inc. is a manufacturer of stainless steel storage products for agricultural and industrial applications. The product portfolio centers on stainless steel tanks and bins built from 304L and 316L stainless steel for storing liquid fertilizers, chemicals, and dry fertilizers. The core lineup includes Flat Bottom Storage Mixing Tanks (2,000-106,000 US gallons), Cone Bottom Storage Mixing Tanks (1,000-30,000 US gallons), Transport Tanks (Nurse Mixing Tanks at 3,300 US gallons and Hot Load Mixing Tanks at 1,600 US gallons), Mix Tanks (60-250 US gallons), Custom & Industrial Tanks (500-106,000 US gallons), and Hopper Bottom Bins (59-262 metric tonnes) with Scale Hopper Bins for precision weighing. The Diffuser Aeration System (DAS) is included as standard on all flat bottom and cone bottom tanks, enabling efficient liquid mixing via compressed air. Products serve agricultural retailers, farmers, and industrial sectors including wastewater treatment, mining, and chemical processing.
Differentiator
Problem solved
Functional benefit
Brands
- Novid Transport: In-house logistics and tank transportation subsidiary, acquired from Slick Oil Transport in 2018.
- Diffuser Aeration System (DAS)
Products and services
- Flat Bottom Storage Mixing Tanks Stainless steel flat bottom tanks for bulk liquid fertilizer and chemical storage, 8'-18' diameter and 2,000-106,000 US gallons, with DAS mixing factory-installed.
- Cone Bottom Storage Mixing Tanks Stainless steel cone bottom tanks designed for complete drainage and clean-out, 6'-12' diameter and 1,000-30,000 US gallons, used for industrial chemicals, fertilizer, and food-grade liquids.
- Nurse Mixing Tanks
Quantifiable outcome
- 30+ year tank lifespan with 30+ year-old tanks still in operation today
- +4 more outcomes
Companies that use Novid
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
Novid technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Novid partnerships and signals
Strategic signalScale indicators7 records
Recent moves14 records
Expansion highlights5 records
Novid competitors and assessment
Company assessmentBroad incumbents
- GSI (Grain Systems Inc.): GSI is one of the largest global manufacturers of grain storage and handling equipment, including bins, dryers, and material handling systems. While a broader incumbent with a wider product portfolio, GSI competes in the dry fertilizer and grain storage segment where Novid's hopper bottom bins are positioned.
Emerging players
- Snyder Industries: Snyder Industries is a manufacturer of polyethylene and steel storage tanks, intermediate bulk containers, and material handling products. Competes with Novid in agricultural and industrial bulk storage, primarily in the poly tank alternative segment that represents the displacement opportunity for stainless steel conversion.
- Poly Processing Company: Poly Processing Company is a leading manufacturer of cross-linked polyethylene storage tanks for chemical and agricultural applications. While using a different material, Poly Processing competes directly with Novid for chemical and fertilizer storage customers, often on price basis, representing the primary alternative Novid displaces.
Direct peers
- Highland Tank: Highland Tank manufactures steel and stainless steel storage tanks for industrial, chemical, and petroleum applications. Direct competitor in the custom industrial tank segment where Novid has expanded with API 650/620 and UL/ULC certified vessels, serving overlapping chemical and industrial customer segments.
- Assmann Corporation: Assmann Corporation manufactures stainless steel and aluminum storage tanks for industrial and agricultural applications. The company directly competes with Novid in chemical and fertilizer storage, with comparable customization capabilities and customer base overlap in bulk liquid containment.
- Westeel: Westeel manufactures grain storage, fertilizer handling, and bulk storage products across Canada and the United States. Direct competitor in the Canadian Prairie agricultural market for both dry fertilizer bins and liquid storage solutions, with comparable dealer-driven distribution.
- Paul Mueller Company: Paul Mueller Company is a manufacturer of stainless steel processing equipment, tanks, and brewing vessels serving industrial, food, and chemical processing customers. Direct overlap with Novid's industrial tank business, particularly in food-grade and chemical storage applications requiring sanitary stainless construction.
- Sukup Manufacturing: Sukup Manufacturing is a major manufacturer of grain bins, dry fertilizer storage, and material handling equipment for agriculture. Direct competitor in hopper bottom bin and dry fertilizer storage segments, serving the same North American agricultural retailer and farmer customer base.
- Precision Tank & Equipment: Precision Tank & Equipment is a direct competitor manufacturing liquid fertilizer storage tanks and agricultural chemical storage equipment. Both companies serve agri-retailers and farmers with bulk liquid storage solutions in the North American agricultural market, with overlapping product lines in flat bottom and cone bottom configurations.
- Meridian Manufacturing: Meridian Manufacturing produces hopper bottom bins, smooth wall bins, and bulk storage equipment for agricultural and industrial applications. Direct competitor in dry fertilizer hopper bin storage, with overlapping dealer networks and agricultural customer base across North America.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Novid social profiles
Digital presenceNovid compliance and trust
Trust signalCompliance1 record
Novid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novid leadership team
Management profileNumber of profiles
Profiles13 records
Novid subsidiaries and ownership
Company hierarchySubsidiaries1 record
Novid funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novid M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novid
What does Novid do?
Novid Inc. manufactures stainless steel storage tanks and bins engineered primarily for bulk liquid and dry fertilizer storage as well as industrial chemical storage. Products include flat bottom tanks (2,000-106,000 US gallons), cone bottom tanks (1,000-30,000 US gallons), transport tanks (nurse and hot load), mix tanks, hopper bottom bins (59-262 metric tonnes), and custom industrial vessels. The company's proprietary Diffuser Aeration System (DAS) provides factory-installed compressed-air mixing, and all tanks are built from 304L or 316L stainless steel with CWB Division 2 certified welding and dye penetrant testing.
Is Novid a public or private company?
Novid is a private company. It is classified as family owned and is currently operating.
When was Novid founded?
Novid was founded in 2003. It employs 11 to 50 people.
Where is Novid based?
Novid is headquartered in Morris, Canada, in the North America region.
How does Novid make money?
Three revenue lines are on record. Stainless Steel Tank Sales are the primary driver. The others are replacement Parts and Accessories and delivery and Logistics Services.
Who are Novid's main competitors?
GSI (Grain Systems Inc.) is listed as a broad incumbent. Emerging players are Snyder Industries and Poly Processing Company. Direct peers are Highland Tank, Assmann Corporation, Westeel, Paul Mueller Company, Sukup Manufacturing, Precision Tank & Equipment and Meridian Manufacturing.
Does Novid have an API?
No public API is recorded for Novid.