Komar Industries, a leading designer and manufacturer of industrial waste and recycling processing systems, announced today that it has acquired Maren Engineering Corporation, a leading equipment manufacturer and technology innovator in baling and shredding systems.
“Maren has been a leader in the industry since 1962 with its highly engineered and efficient balers and shredders,” says Mark Koenig, Komar’s President and CEO. “Bringing Maren into the Komar family enhances the value and service provided to our customers and helps them optimize their most challenging recycling and waste applications.”
“We are incredibly excited about the growth opportunities that lie ahead for Maren working alongside our new partner Komar,” says Todd Wondrow, Maren’s Owner and President. “Over the past 60 plus years, we have built Maren into one of North America’s premier horizontal baler providers. Our team is thrilled to have found a partner like Komar who shares our core values, culture, quality standards, and commitment to our customers and employees.”
Maren will continue to be led by its existing leadership team, who will become shareholders in the combined organization as part of the transaction. The respective leadership teams see tremendous value in leveraging each company’s engineering and technological capabilities to drive further innovation within the waste and recycling industry.